(News Bulletin 247) – A clearly asserted bullish dynamic on STELLANTIS shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
Since the fall of 2022, the automobile manufacturer’s stock has been in a fundamental upward phase, marked by the alternation of momentum and healthy consolidations. The bullish acceleration phases are accompanied by thick volumes, as during the last episode of mobilization of the buying camp on a session on November 29 on marubozu white. As for the entry point, it is interesting, at the end of consolidation near the short moving average.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on STELLANTIS stock in the short term.
Active investors will take a purchase position on STELLANTIS shares at a price of €21,360 with a target of €24,990 in their sights. They will protect their capital by placing a stop at €19,990.
News Bulletin 247 advice
DAILY DATA CHART
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