(News Bulletin 247) – A clearly affirmed upward dynamic on the NRJ GROUP share will invite active investors to position themselves for purchase, as part of a swing trading operation.
NB: Operators who have followed our recommendation on this same file dated 08/07 will be able to maintain the position while taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
GROUP allows us to identify an upward trend in the short and medium term. The 20-day moving average (in dark blue) is in the process of regaining support on its 50-day counterpart (in orange), which makes the stock an exception on the market. Among the dominant graphic factors, we have noted the presence of a bullish channel on the NRJ GROUP share price. We have represented this corridor in black on the chart below. The stock is now preparing to break out of the channel’s grip at the top.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on NRJ GROUP stock in the short term.
Active investors will take a long position on the NRJ GROUP share price at €8,240 with a target of €9,990 in sight. They will protect their capital by placing a stop at €7,690.
The News Bulletin 247 council
DAILY DATA CHART
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