(News Bulletin 247) – The group benefits from a change in recommendation. Indeed, Barclays raises its recommendation to “overweight” from “line weighting”.
KEY GRAPHIC ELEMENTS
The value returns to a horizontal support and a bullish gap which, together, form a buying zone. The proximity of the ascending 50-period moving average strengthens the zone for buyers. We can position ourselves for purchase with the aim of returning to the most recent highs.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ARKEMA stock in the short term.
Active investors will take a purchase position on ARKEMA shares at a price of €98,320 with a target of €104,000 in their sights. They will protect their capital by placing a stop at €90,520.
News Bulletin 247 advice
DAILY DATA CHART
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