(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected REXEL for active investors.
KEY GRAPHIC ELEMENTS
The stock has suffered less than others from the entry into a phase of political uncertainty in France, and has even displayed, since June 17, a favorable price/volume divergence. A support level, close to 24/24.15 euros, is emerging, and could constitute a credible basis for the expression of a bullish reaction towards 27 euros. Beyond that and subject to an increase in transaction volumes, 28.75 euros would be in the line of sight.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on REXEL stock in the short term.
Active investors will take a long position on the REXEL share at €24,690 with a target of €27,000 in sight. They will protect their capital by placing a stop at €23,490.
The News Bulletin 247 council
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.
