(News Bulletin 247) – A clearly asserted upward dynamic on IPSEN shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the IPSEN stock 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 20-day moving average (in blue) acts as support for prices. The position can be held as long as this trend line gravitates above its 50-day counterpart (in orange). The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on IPSEN stock in the short term.
Active investors will take a purchase position on the IPSEN stock at a price of €119,900 with a target of €140,000 in their sights. They will protect their capital by placing a stop at €110,900.
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.
