(News Bulletin 247) – A clearly asserted bullish dynamic on the MEDINCELL share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
After waking up with fanfare on December 8 and 11 in very strong volumes, the stock regained its 20-day moving average (in dark blue), a short-term trend line which now serves as graphic support. After a flag consolidation (rectangle), the action is already in a good position for an even clearer restart, while in yesterday’s session alone, although deserted by the market, nearly 100,000 shares changed hands .
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on MEDINCELL stock in the near term.
Active investors will take a purchase position on the MEDINCELL stock at a price of €7,060 with a target of €8,290 in their sights. They will protect their capital by placing a stop at €6,490.
News Bulletin 247 advice
DAILY DATA CHART
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