(News Bulletin 247) – A clearly stated bullish dynamic on ASSYSTEM shares 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 ASSYSTEM stock makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) has acted as support for prices since the formation of the long white on November 2. The trading volume is occasionally increasing sharply, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks makes it possible to identify a bullish engulfing configuration dating from the session of 12/19/2023. According to Japanese candlestick analysis, the bullish engulfing has positive consequences for prices.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ASSYSTEM stock in the near term.
Active investors will take a purchase position on the ASSYSTEM stock at a price of €49,900 with a target of €55,000 in their sights. They will protect their capital by placing a stop at €47,400.
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.
