(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected LUMIBIRD for active investors.
KEY GRAPHIC ELEMENTS
The action of the specialist in laser technologies is in a situation of oversold in the sense of the relative strength index, this oscillatory being on the verge of leaving the critical zone. The sequence of candles in black marubozu (June 13), inverted hammer (06/17), and doji (June 18), combined with the dynamics of volumes, suggests the formation of a rebound in protest, of a technical type. A one-off rebound which does not amount to polarity reversal.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on LUMIBIRD stock in the near term.
Active investors will take a purchase position on the LUMIBIRD stock at a price of €10,850 with a target of €12,290 in their sights. They will protect their capital by placing a stop at €10,240.
News Bulletin 247 advice
DAILY DATA CHART
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