(News Bulletin 247) – A clearly stated upward dynamic on ELIOR shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
Graphical analysis of daily ELIOR stock data allows us to identify a short-term upward trend. Among the dominant graphic factors, we noted the presence of an upward gap on ELIOR share prices. Formed on 12/14, this quotation gap marked a surge in the buying camp. In terms of trend indicators, the 20-day moving average acts as support for prices. The technical reading in Japanese candlesticks allows you to identify a configuration in marubozu blank dating from the session of 12/14/2023. According to Japanese candlestick analysis, the marubozu blank (or long blank) has positive consequences for courses. the subsequent consolidation built into a pennant on the upper half of this remarkable candle.
Considering the key chart factors we mentioned, our view is bullish on ELIOR stock in the short term.
Active investors will take a buying position on ELIOR shares at a price of €2,788 with a target of €3,740 in their sights. They will protect their capital by placing a stop at €2,490.
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.