(News Bulletin 247) – New surge in perspective to be anticipated on VIRBAC shares, as part of a short-term speculative operation.
KEY GRAPHIC ELEMENTS
The market psychology governing the action was metamorphosed on December 19 on a large candle called in marubozu white, typical of a massive and continuous mobilization, throughout the session, of the buying camp. A structure which is all the more meaningful as it was preceded by a major bullish gap, followed by a solid bullish extension, and accompanied by powerful volumes. The subsequent consolidation closed on March 20 on pullback on the upper limit of the aforementioned gap, still valid, therefore.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on VIRBAC stock in the near term.
Active investors will take a purchase position on the VIRBAC stock at a price of €366 with a target of €420,000 in their sights. They will protect their capital by placing a stop at €339,000.
News Bulletin 247 advice
DAILY DATA CHART
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