(News Bulletin 247) – Our analysts have spotted an excellent graphic configuration on the NEOEN share, which the most active investors will be able to work on, at current price levels.
KEY GRAPHIC ELEMENTS
Since the upward inflection at the end of February, the action of the independent producer of renewable energy has been in a characterized upward phase, with significant ease in creating new high points, occasionally very high trading volumes, a crossing of remarkable moving averages and an absence of divergence between price and oscillatory indicator of relative strength.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on NEOEN stock in the short term.
Active investors will take a purchase position on the NEOEN stock at a price of €28,600 with a target of €34,950 in their sights. They will protect their capital by placing a stop at €26,950.
News Bulletin 247 advice
DAILY DATA CHART
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