(News Bulletin 247) – A clearly asserted bullish dynamic on the ELIS share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ELIS 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 20-day moving average (in dark blue) acts as support for prices. Straight and parallel to its 50-day counterpart (in orange), this trendline constitutes a devilish level of graphic support. No divergence between price and oscillatory RSI is to be noted.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ELIS stock in the near term.
Active investors will take a purchase position on the ELIS stock at a price of €21.06 with a target of €24,950 in their sights. They will protect their capital by placing a stop at €19,240.
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.
