(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected EUTELSAT COMMUNIC. for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the EUTELSAT COMMUNIC. share allows to identify an upward trend in the short term as well as in the medium term. The technical reading in Japanese candlesticks allows to identify a white marubozu configuration dating from the session of 02/07/2024. According to the analysis in Japanese candlesticks, the white marubozu (also called long white) has positive consequences for the prices. It materializes a continuous mobilization of the buying camp throughout the session. From July 8 to 10, the action formed a predictive combination of candles called “advancing soldiers”.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on EUTELSAT COMMUNIC. stock in the short term.
Active investors will take a long position on the EUTELSAT COMMUNIC. share at a price of €4.40 with a target of €5,950 in sight. They will protect their capital by placing a stop at €3,830.
The News Bulletin 247 council
DAILY DATA CHART
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