(News Bulletin 247) – A clearly asserted upward dynamic on the TF1 share will invite active investors to take a purchasing position, as part of a swing trading.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the TF1 share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. This trend line is preparing to regain support on its 50-day counterpart (in orange), which has been bullish since the start of the year. The trading volume is increasing, a technical data favorable to our anticipation. The very wide gap on January 23 illustrated the buying camp’s capacity for mobilization and excitement on strong announcements.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on TF1 stock in the short term.
Active investors will take a buying position on the TF1 stock at a price of €8.88 with a target of €10,500 in their sights. They will protect their capital by placing a stop at €8,160.
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.
