(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected AKWEL for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the AKWEL 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 50-day moving average (in orange) acts as support for prices. This underlying trend curve will conveniently serve as a trailing stop on the action of the automotive supplier. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on AKWEL stock in the short term.
Active investors will take a purchase position on the AKWEL stock at a price of €17.20 with a target of €21,990 in their sights. They will protect their capital by placing a stop at €15,590.
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.
