GETLINK SE: Raising the stop loss and price target

(News Bulletin 247) – A clearly asserted bullish dynamic on the GETLINK SE share will invite active investors to take a purchasing position, as part of a swing trading operation.

NB: investors who have followed our recommendation on this same file dated 11/24 will be able to maintain the position by taking care to adjust the stop and the price target according to the elements presented here.

KEY GRAPHIC ELEMENTS

Since the combination of candles in three advancing soldiers (October 18, 19 and 20), the action has been in an upward phase, without any loss of steam or divergence with respect to the RSI, the relative strength index. No significant red body candles have been traced since November 6. The view will remain positive as long as prices close above the 20-day moving average (dark blue).

FORECAST

Looking at the key chart factors we mentioned, our view is bullish on GETLINK SE stock in the near term.

Active investors will take a purchase position on the GETLINK SE stock at a price of €17,055 with a target of €20,000 in their sights. They will protect their capital by placing a stop at €16,190.

DAILY DATA CHART