(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected RENAULT for active investors.
KEY GRAPHIC ELEMENTS
Since its release from tidy on March 6, the action of the automobile manufacturer experienced a rectilinear advance, without slowing down, chaining the candles to the green body with the sole exceptions of March 21 (doji) and March 27. Trading volumes are not running out of steam, just like the dynamics of the RSI, without divergence although in the overbought zone.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on RENAULT stock in the short term.
Active investors will take a purchase position on RENAULT shares at a price of €47,500 with a target of €55,000 in their sights. They will protect their capital by placing a stop at €44,090.
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.
