(News Bulletin 247) – A clearly asserted upward dynamic on the COFACE share will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: investors who have followed our recommendation on this same file dated April 22 will be able to maintain the position by taking care to adjust the stop and the objective.
Note that the dividend (€1.30) is detached today.
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 €14.49 with a target of €17,990 in their sights. They will protect their capital by placing a stop at €13,440.
News Bulletin 247 advice
DAILY DATA CHART
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