MERCIALYS: Increase of the stop loss and the price target

(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected MERCIALYS for active investors.

NB: investors who followed our recommendation dated 23/07 can maintain the position, taking care to adjust the stop and the objective.

KEY GRAPHIC ELEMENTS

Here are the technical elements that we presented on July 23 before the opening:

“The graphical analysis of daily data for the MERCIALYS share allows us to identify an upward trend in the short and 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 price range in the coming sessions.”

This volatility has begun its expression.

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 €11,850 with a target of €12,990 in sight. They will protect their capital by placing a stop at €11,190.

DAILY DATA CHART