(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ABC ARBITRAGE for active investors.
KEY GRAPHIC ELEMENTS
The underlying bias is powerfully bearish and there is no question here of casting doubt on it. However, at this stage of the current bearish leg, a significant increase in volatility and volumes suggests the formation of a technical reaction of the protest rebound type, towards the remarkable moving averages.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ABC ARBITRAGE stock in the short term.
Active investors will take a purchase position on the ABC ARBITRAGE stock at a price of €4.00 with a target of €4,830 in their sights. They will protect their capital by placing a stop at €3,690.
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.
