(News Bulletin 247) – A clearly asserted upward dynamic on BIC shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the BIC stock makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphical factors, we noted the presence of an upward channel on BIC share prices. We have represented in black this ascending corridor which guides the courses. The gap of February 20, partly covered since then, marked the start of a new bullish leg.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on BIC stock in the short term.
Active investors will take a buying position on BIC shares at a price of €66,800 with a target of €74,950 in their sights. They will protect their capital by placing a stop at €62,490.
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.
