(News Bulletin 247) – The group is poorly valued and is not impacted by market events. Indeed, its stock price has remained insensitive to the events at the beginning of the month.
Technical point: The short-term upward trend is supported by volumes, therefore implying a relatively strong conviction of buyers which should propel prices to the resistance of €1,700 in the medium term. Any decline on the 20-period daily moving average should therefore be taken advantage of.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on FINANCIERE ODET stock in the short term.
Active investors will take a long position on the FINANCIERE ODET stock at €1,498,000 with a target of €1,700,000 in sight. They will protect their capital by placing a stop at €1,378,000.
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.
