(News Bulletin 247) – A clearly affirmed upward dynamic on the ASSYSTEM share will invite active investors to position themselves for purchase, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data for ASSYSTEM shares allows us to identify an upward trend in the short and medium term. The shares of the engineering group specializing in critical infrastructure, particularly in nuclear power, are consolidating calmly in the immediate vicinity of their 50-day moving average (in orange), whose upward bias is not threatened. The stock is significantly outperforming the market as a whole. The RSI and prices are in a convergence dynamic.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ASSYSTEM stock in the short term.
Active investors will take a long position on the ASSYSTEM share price at €52 with a target of €65,000 in sight. They will protect their capital by placing a stop at €47,900.
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.
