(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected MEMSCAP REGPT for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the MEMSCAP REGPT stock makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a bullish gap on the MEMSCAP REGPT share prices. Formed on January 29, this quotation gap marked a surge in the buying camp. In terms of trend indicators, the 20-day moving average (in dark blue, linear) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. The buying side remains fully motivated and mobilized over time.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on MEMSCAP REGPT stock in the near term.
Active investors will take a purchase position on the MEMSCAP REGPT stock at a price of €8,140 with a target of €9,990 in their sights. They will protect their capital by placing a stop at €7,350.
News Bulletin 247 advice
DAILY DATA CHART
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