(News Bulletin 247) – The TradingSat.com team, won over by AXA’s short-term chart qualities, sees interesting potential in this stock, which will form the underlying of a perfectly suited Turbo Call (LM1EB).
This reactive derivative product, issued by BNPPARIBAS, can be worked on by the most active investors. The leverage is close to 7.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the AXA share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of bullish gaps in AXA share prices (02 August, 03 January, 08 February). Although different in nature, they campaign together for a continuation of the movement. In terms of trend indicators, the 100-day moving average (in orange) acts as a support for prices. The trading volume is on the rise, a technical data favorable to our anticipation. From January 13 to 17, the action formed a powerful combination of so-called “three advancing soldiers” candles.
FORECAST
In this context, the most active investors will bet on this bullish scenario (call) by positioning themselves on the turbo Call, issued by BNPPARIBAS and ticker code LM1EB, on AXA, at €3.99.
They will take their profits when the underlying reaches €32,000 or limit their losses by selling the turbo in the event of a breakout of €27,610.
We will take care to note that in return for a very high leverage effect, if the deactivating barrier at €25 (purple line) is reached by the underlying, the loss of capital is total.
CHART IN DAILY DATA
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