(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ABC ARBITRAGE for active investors.
KEY GRAPHIC ELEMENTS
The action of the specialist in arbitrage strategies on the stock markets fully validates its gradual trend reversal, regaining support on its 50-day moving average (in orange) on April 16, after reconquest. From now on, it is the 20-day short moving average (in dark blue) which acts as graphic support. And this without any movement of divergence between price dynamics and that of the oscillatory RSI (relative strength index).
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ABC ARBITRAGE stock in the short term.
Active investors will take a purchase position on the ABC ARBITRAGE stock at a price of €4,350 with a target of €5,490 in their sights. They will protect their capital by placing a stop at €3,990.
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.
