(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts have selected ESSILORLUXOTTICA for active investors.
KEY GRAPHIC ELEMENTS
The title of the ophthalmic optics giant, in lateral transition since April 4, is limited between 200 and 210 euros while the market collapses, breaking a chartist pattern. This outperformance, linked to the defensive nature of the value, should be taken advantage of. A rapid surpassing of 210 euros, subject to an increase in volumes, would support the bullish leg formation scenario, consistent with the trend background.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ESSILORLUXOTTICA stock in the short term.
Active investors will take a purchase position on the ESSILORLUXOTTICA share at a price of €206,500 with a target of €225,000 in their sights. They will protect their capital by placing a stop at €197,800.
News Bulletin 247 advice
DAILY DATA CHART
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