(News Bulletin 247) – A clearly asserted upward dynamic on VALLOUREC shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
After a healthy phase of lateralization between mid-December and mid-March, the action of the emblematic oil services company released the pressure from the buying camp on a wide gap, in powerful trading volumes, on March 13. The consecutive bullish extension was clear and already, a new entry point for purchase is emerging, for a mobile investor wishing to support the stock on the symbolic threshold of 20 euros.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on VALLOUREC stock in the short term.
Active investors will take a purchase position on VALLOUREC shares at a price of €17,315 with a target of €19,990 in their sights. They will protect their capital by placing a stop at €15,990.
News Bulletin 247 advice
DAILY DATA CHART
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