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According to the World Bank, “the blue economy aims to sustainably use ocean resources for economic growth, improve livelihoods and jobs, while preserving the health of marine ecosystems.” It is on this theme (and not this sector, the nuance is very important) of the blue economy (or the oceans), that the proposed tracker is presented, through five priority sub-themes with strong growth prospects: coastal life, energy and fishery resources, fishing and seafood, reduction of pollution, without forgetting the very high-stakes issue of maritime transport.
KEY GRAPHIC ELEMENTS
The proposed tracker (ETF), which replicates the dynamics of the “ocean economy” theme, has been in a marked upward phase since the end of October. The 20-day moving average (in dark blue), which exceeded its 50-day counterpart (in orange) by a significant angle around December 4 and 5, still constitutes a dynamic level of support.
FORECAST
In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a purchasing position on the BNP ESG BLUE ETF tracker, at the current price, with €17.5,000 in their sights. A protective stop must be placed at €14.9800.
News Bulletin 247 advice
DAILY DATA CHART
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