(News Bulletin 247) – A clearly asserted upward dynamic on the COFACE share will invite active investors to position themselves for purchase, as part of a swing trading.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the COFACE share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. This trend line merges with an oblique support line, which is the former lower limit of a bullish channel which guided prices at the turn of the year.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on COFACE stock in the short term.
Active investors will take a purchase position on the COFACE share at a price of €14.60 with a target of €16,990 in their sights. They will protect their capital by placing a stop at €13,690.
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.
