(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected GL EVENTS for active investors.
KEY GRAPHIC ELEMENTS
The daily data graphic analysis of the GL EVENTS share allows us to identify a short-term bullish trend. In terms of trend indicators, the 20-day moving average acts as a support for prices. Trading volume is increasing, a technical data that supports our anticipation. Showing a strong outperformance compared to the market, the 20-day moving average is preparing to reconquer, and this at a significant angle, its 50-day counterpart (in orange).
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on GL EVENTS stock in the short term.
Active investors will take a long position on the GL EVENTS share price at €17,940 with a target of €20,900 in sight. They will protect their capital by placing a stop at €16,870.
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.
