(News Bulletin 247) – The group has solid fundamentals with strong growth in its turnover, margins and net profit. In terms of net cash flow and excellent return on equity, the group appears to be a medium-term opportunity.
KEY GRAPHIC ELEMENTS
The stock is supported by buying volumes and is in a clearly stated upward trend. We will seek to position ourselves for purchase during consolidations to aim for new highs.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on WAVESTONE stock in the near term.
Active investors will take a purchase position on WAVESTONE shares at a price of €61,300 with a target of €65,000 in their sights. They will protect their capital by placing a stop at €55,700.
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.
