(News Bulletin 247) – A clearly asserted bullish dynamic on the NEOEN share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the NEOEN stock makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphical factors, we noted the presence of an upward channel on NEOEN share prices. We have shown this technical corridor in black below. 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 gap of December 14, by its magnitude, showed a very clear surge in the buying camp.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on NEOEN stock in the short term.
Active investors will take a purchase position on the NEOEN stock at a price of €30,100 with a target of €35,000 in their sights. They will protect their capital by placing a stop at €28,230.
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.
