(News Bulletin 247) – A clearly asserted bullish dynamic on the NEXANS share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The daily graphical analysis of the NEXANS share allows us to identify an upward trend in the short and medium term. Among the dominant graphical factors, we noted the presence of a bullish gap on the NEXANS share price. Formed on January 9, this quotation gap marked a runaway from the buying camp. In terms of trend indicators, the 50-day moving average (in orange) acts as support for the prices. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on NEXANS stock in the short term.
Active investors will take a purchase position on the NEXANS stock at a price of €110.4 with a target of €135,000 in their sights. They will protect their capital by placing a stop at €102,900.
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.
