(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected MERCIALYS for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the MERCIALYS share allows to identify an upward trend in the short term as well as in the medium term. Since July 4, the share has been tracing, without volatility unlike the market, a serene consolidation above its 20-day moving average (in dark blue), as the Bollinger bands (20; 2.5) tighten, suggesting an increase in the daily amplitude of prices in the coming sessions.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on MERCIALYS stock in the short term.
Active investors will take a long position on the MERCIALYS share price at €10,940 with a target of €11,970 in sight. They will protect their capital by placing a stop at €10,290.
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.
