(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected MERSEN for active investors.
KEY GRAPHIC ELEMENTS
The action of the former Carbone Lorraine, is in an oversold zone in the immediate vicinity of a bullish gap dating from January 26, and the lower limit of the Bollinger bands (20;2.5). At this stage, a short technical reaction, of a protest type, is expected. A reaction of a handful of sessions, which only the most mobile investors will try to take advantage of.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on MERSEN stock in the short term.
Active investors will take a long position on the MERSEN share price at €32,850 with a target of €35,600 in sight. They will protect their capital by placing a stop at €31,540.
News Bulletin 247 advice
DAILY DATA CHART
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