(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts have selected Peugeot Invest for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the Peugeot Invest share makes it possible to identify a short-term upward trend. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. This short-term trend line cut upwards its 50-day counterpart (in orange) on December 5 at an important angle, four sessions after the formation of a bullish engulfing candle, in thick volumes.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on Peugeot Invest stock in the short term.
Active investors will take a purchase position on the Peugeot Invest stock at a price of €103,600 with a target of €115,000 in their sights. They will protect their capital by placing a stop at €97,900.
News Bulletin 247 advice
DAILY DATA CHART
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