(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected STEF for active investors.
KEY GRAPHIC ELEMENTS
The title of the cold logistics specialist, whose underlying trend (the trend) has so far been preserved, however, it has just experienced a week of ebb, from June 10 to 14, before embarking on a consolidation. The trend of the relative strength index, increasing, and leaving its oversold zone can suggest at this stage a short rebound, towards 125 euros. We would need a significant acceleration in volumes to aim higher, immediately.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on STEF stock in the short term.
Active investors will take a purchase position on the STEF stock at a price of €117,600 with a target of €125,000 in their sights. They will protect their capital by placing a stop at €112,100.
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.
