(News Bulletin 247) – Continuing the implementation of our hedging strategy with a short sale operation on ORANGE.
KEY GRAPHIC ELEMENTS
Since January 24, the various high points on the stock have been clearly decreasing, defining a downward trend in the Dow sense and marking notable underperformance compared to the CAC 40. Below the 20-day moving average (in dark blue ) which acts as dynamic resistance, the decline of the title continues, on the middle part of the Bollinger bands.
FORECAST
Considering the key chart factors we mentioned, our view is bearish on ORANGE stock in the short term.
The News Bulletin 247 team therefore suggests that active investors bet on this bearish scenario, by short selling the ORANGE stock at a price of €10,530 and aiming for a target of €9,590. It is strongly recommended to place a stop order at €10,910.
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.
