(News Bulletin 247) – A clearly asserted upward dynamic on ENGIE shares will invite active investors to take a buying position, as part of a swing trading operation.
NB: Investors who have followed our recommendation dated April 5 on this same issue will be able to maintain the line, taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ENGIE share makes it possible to identify a short-term upward trend. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. This trend line has just crossed upwards, at a significant angle, its 50-day counterpart (in orange), a basic trend line which is currently trending upwards.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on ENGIE stock in the short term.
Active investors will take a purchase position on ENGIE shares at a price of €15,860 with a target of €17,990 in their sights. They will protect their capital by placing a stop at €15,140.
News Bulletin 247 advice
DAILY DATA CHART
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