(News Bulletin 247) – A clearly stated bullish dynamic on BOLLORE shares will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: investors who followed our recommendation on this same value as of 01/29 will be able to maintain the position, taking care to update the protection stop and price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the BOLLORE stock makes it possible to identify an upward trend in the short term as well as in the medium term. The title regularly and easily reaches new high points. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. No movement of slowing down of the trend is to be noted in the sense of our battery of oscillatory mathematical indicators. The Bollinger bands (20;2.5) are tightening, suggesting a new bout of volatility.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on BOLLORE stock in the short term.
Active investors will take a purchase position on the BOLLORE stock at a price of €6,330 with a target of €7,500 in their sights. They will protect their capital by placing a stop at €5,910.
News Bulletin 247 advice
DAILY DATA CHART
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