(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ACCOR for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ACCOR share makes it possible to identify a short-term upward trend since the beginning of November and in the medium term since the end of November and a crossing of remarkable moving averages. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. The relative positioning of the green bodies of the succession of candles from December 1 to 8 is particularly encouraging.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on ACCOR stock in the short term.
Active investors will take a purchase position on ACCOR shares at a price of €34,620 with a target of €39,950 in their sights. They will protect their capital by placing a stop at €31,990.
News Bulletin 247 advice
DAILY DATA CHART
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