(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected VICAT for active investors.
KEY GRAPHIC ELEMENTS
Since its exit from the bottom, in a bout of volatility, of a bullish channel, the cement company’s stock has suffered, with notably remarkable marubozus candles, black crow configurations, in a high level of volatility. But while the relative strength index moves from its oversold zone to its main navigation zone, the scenario of a contestation rebound is emerging.
FORECAST
Considering the key graphic factors we have mentioned, our view is bullish on VICAT stock in the short term.
Active investors will take a long position on the VICAT share price at €30.40 with a target of €33,500 in sight. They will protect their capital by placing a stop at €29,190.
The News Bulletin 247 council
DAILY DATA CHART
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