(News Bulletin 247) – A clearly asserted bullish dynamic on the ID LOGISTICS GROUP share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ID LOGISTICS GROUP 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. The technical reading in Japanese candlesticks makes it possible to identify a white marubozu configuration dating from the session of 05/08/2024. According to Japanese candlestick analysis, the white marubozu (or long white) has positive consequences for prices. It materializes a continuous mobilization of the buying camp throughout the session.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ID LOGISTICS GROUP stock in the short term.
Active investors will take a purchase position on the ID LOGISTICS GROUP stock at a price of €407,000 with a target of €499,000 in their sights. They will protect their capital by placing a stop at €373,500.
News Bulletin 247 advice
DAILY DATA CHART
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