(News Bulletin 247) – A clearly asserted upward dynamic on the SCHNEIDER ELECTRIC 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 SCHNEIDER ELECTRIC share makes it possible to identify an upward trend in the short term as well as in the medium term since the marked inflection of November 9. Among the dominant graphic factors, we noted the presence of a very large upward gap on this same session on the SCHNEIDER ELECTRIC share prices. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The dynamics of the brutal slope of this basic trend line at the turn of November are explicit.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SCHNEIDER ELECTRIC stock in the short term.
Active investors will take a purchase position on the SCHNEIDER ELECTRIC stock at a price of €202,050 with a target of €225,000 in their sights. They will protect their capital by placing a stop at €188,400.
News Bulletin 247 advice
DAILY DATA CHART
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