(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected HERMES INTL for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the HERMES INTL share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphic factors, we noted the presence of an upward gap on the HERMES INTL share prices. Formed on October 24, this quotation gap marked a surge in the buying camp after a phase of decline. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. The view will remain positive as long as prices close above this trendline. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on HERMES INTL stock in the short term.
Active investors will take a purchase position on the HERMES INTL share at a price of €2,050,000 with a target of €2,299,000 in their sights. They will protect their capital by placing a stop at €1,944,000.
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.
