(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected METROPOLE TV for active investors.
KEY GRAPHIC ELEMENTS
A strong buying reaction is expected on the stock of the audiovisual group whose RSI (relative strength index) oscillator is about to come out of its oversold zone thanks to pre-opening data. A reaction towards a price zone close to 13 euros is expected, on gap, after the formation of a doji indecision candle on Friday.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on METROPOLE TV stock in the short term.
Active investors will take a long position on the METROPOLE TV share price at €12,260 with a target of €13,620 in sight. They will protect their capital by placing a stop at €11,590.
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.
