(News Bulletin 247) – A clearly asserted bullish dynamic on the UNIBAIL-RODAMCO-WESTFIELD share will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: investors who have followed our recommendation on this same file dated March 18 will be able to keep the line while taking care to update the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the UNIBAIL-RODAMCO-WESTFIELD share makes it possible to identify an upward trend in the short term as well as in the medium term, the result of the determination and mobilization of the buying camp over time. 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. The Bollinger bands are tightening, suggesting an imminent increase in volatility.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on UNIBAIL-RODAMCO-WESTFIELD stock in the short term.
Active investors will take a purchase position on the UNIBAIL-RODAMCO-WESTFIELD stock at a price of €74.30 with a target of €90,000 in their sights. They will protect their capital by placing a stop at €69,200.
News Bulletin 247 advice
DAILY DATA CHART
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