(News Bulletin 247) – A clearly stated bullish dynamic on GTT shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The action of the specialist in systems used for the transport and storage of LNG (liquefied natural gas) is in excellent graphic form, as are all the oil services on the Paris coast, driven by the firmness of crude oil prices. . The 50-day moving average (in orange), the stock’s underlying trend line, has firmly supported prices since the formation of a large bullish gap on July 10. The last quarterly copy dated February 27, technically resulted in the formation of a new, very wide gap, followed by a spectacular bullish extension of seven sessions.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on GTT stock in the near term.
Active investors will take a buying position on the GTT stock at a price of €143,500 with a target of €174,900 in their sights. They will protect their capital by placing a stop at €132,900.
News Bulletin 247 advice
DAILY DATA CHART
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