(News Bulletin 247) – A clearly asserted bullish dynamic on MBWS shares will invite active investors to take a buying position, as part of a swing trading operation.
NB: investors who have followed our recommendation on this same file dated 08/05 will be able to maintain the position, taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the MBWS stock 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. As the Bollinger Bands widen again, the development of yet another bullish leg is expected.
FORECAST
Looking at the key chart factors we’ve mentioned, our view is bullish on MBWS stock in the near term.
Active investors will take a buying position on the MBWS stock at a price of €3,370 with a target of €3,990 in their sights. They will protect their capital by placing a stop at €3,130.
News Bulletin 247 advice
DAILY DATA CHART
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