(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected BELIEVE for active investors.
KEY GRAPHIC ELEMENTS
Daily graphical analysis of the BELIEVE stock makes it possible to identify a short-term upward trend. The 20-day moving average (in dark blue) has just reconquered its 50-day counterpart (in orange), a basic trend curve in the reversal phase. The stock crossed, in significant volumes and on Marubozu, a resistance zone on 10/31. And from November 8 to 13, the action formed a predictive combination of candles called “advancing soldiers”. The firmly bullish trajectory of the 50-day moving average since mid-November gives confidence.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on BELIEVE stock in the short term.
Active investors will take a purchase position on the BELIEVE stock at a price of €10,720 with a target of €13,990 in their sights. They will protect their capital by placing a stop at €9,770.
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.
