(News Bulletin 247) – A clearly asserted upward dynamic on BOUYGUES shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the BOUYGUES share makes it possible to identify an upward trend in the short term as well as in the medium term. The buying side keeps a firm grip. Among the dominant graphic factors, we noted the presence of an upward gap on BOUYGUES share prices. Formed on October 31 following a major announcement, this quotation gap marked a surge in the buying camp. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. A combination of predictive candles, in three advancing soldiers, from December 6 to 8, is identified.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on BOUYGUES stock in the short term.
Active investors will take a purchase position on the BOUYGUES stock at a price of €36.04 with a target of €39,900 in their sights. They will protect their capital by placing a stop at €34,190.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
