(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected AMUNDI for active investors.
NB: investors who followed our recommendation on this same file dated 05/07 will be able to maintain the position, taking care to adjust the stop and the objective.
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 80 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 price at €66.7 with a target of €79,950 in sight. They will protect their capital by placing a stop at €62,690.
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.
