(News Bulletin 247) – A clearly asserted upward dynamic on SPIE 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 SPIE 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. The trading volume is increasing, a technical data favorable to our anticipation. No movement of slowing down of the underlying trend can be detected within the meaning of our battery of mathematical indicators, in particular our oscillation indicators.
FORECAST
Looking at the key chart factors we’ve mentioned, our view is bullish on SPIE stock in the near term.
Active investors will take a purchase position on the SPIE stock at a price of €37,020 with a target of €45,000 in their sights. They will protect their capital by placing a stop at €34,290.
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.
