(News Bulletin 247) – A clearly stated upward dynamic on CARMILA shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
In an underlying upward trend, the action of the shopping center manager sees the Bollinger bands (20;2.5) tightening, suggesting an increase in volatility putting an end to a transition of consolidation into a rectangle. The position can be held as long as the 20-day moving average (in dark blue) gravitates above its 50-day counterpart (in orange).
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on CARMILA stock in the near term.
Active investors will take a purchase position on CARMILA shares at a price of €16.04 with a target of €17,990 in their sights. They will protect their capital by placing a stop at €15,190.
News Bulletin 247 advice
DAILY DATA CHART
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