(News Bulletin 247) – A clearly affirmed upward dynamic on the ESSO share will invite active investors to position themselves for purchase, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The daily graphical analysis of ESSO shares allows us to identify an upward trend in the short and medium term. The stock of the refiner and distributor of petroleum products, which is significantly outperforming the market, has no difficulty in regularly setting new highs. The position of prices within the Bollinger bands, as well as the convergence between prices and the relative strength index, constitute an invitation to buy.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ESSO stock in the short term.
Active investors will take a long position on the ESSO stock at €167,000 with a target of €224,000 in sight. They will protect their capital by placing a stop at €142,000.
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.
