(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ERAMET for active investors.
KEY GRAPHIC ELEMENTS
On April 25, 26 and 29, the stock built an upward movement of momentum, sharply increasing its gains in strong volumes, shattering the technical level of 76 euros. The return to the 20-day moving average (dark blue) is an opportunity to take advantage of a suitable entry point. The 50-day moving average (orange) has a bullish bias since March 20 and a combination of enclosing candles.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ERAMET stock in the short term.
Active investors will take a purchase position on ERAMET shares at a price of €102,600 with a target of €120,000 in their sights. They will protect their capital by placing a stop at €93,390.
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.
