(News Bulletin 247) – Our analysts have spotted an excellent graphic configuration on the REXEL share, which the most active investors will be able to work on, at current price levels.
KEY GRAPHIC ELEMENTS
Graphical analysis of REXEL shares in daily data makes it possible to identify a short-term upward trend. 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. No signs of running out of steam have been noted since the exhaustion gap of October 20.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on REXEL stock in the short term.
Active investors will take a purchase position on REXEL shares at a price of €25,320 with a target of €30,000 in their sights. They will protect their capital by placing a stop at €23,510.
News Bulletin 247 advice
DAILY DATA CHART
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