(News Bulletin 247) – Our analysts have identified an excellent graphic configuration on the AMUNDI share, which the most active investors will be able to work on, at current price levels.
KEY GRAPHIC ELEMENTS
Outperforming the market as a whole, the stock of this asset management heavyweight is already on the verge of reconquering its 50-day moving average (in orange), the direction of which has not turned bearish at any time since the end of May. A staggered double bottom is emerging around 60 euros, which is a support base for the formation of a new upward leg towards a price zone close to 75 euros.
FORECAST
Considering the key graphical factors that we have mentioned, our opinion is bullish on AMUNDI stock in the short term.
Active investors will take a long position on the AMUNDI share at €64,450 with a target of €74,950 in sight. They will protect their capital by placing a stop at €60,690.
The News Bulletin 247 council
DAILY DATA CHART
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