(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected COVIVIO for active investors.
NB: investors who followed our recommendation on this same file dated August 14 will be able to maintain the position, taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data for the COVIVIO share allows us to identify an upward trend in the short and medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. The latter has just crossed upwards its 50-day counterpart (in orange), which has not declined. The file is in remarkable outperformance compared to the market as a whole.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on COVIVIO stock in the short term.
Active investors will take a long position on the COVIVIO share at €52,400 with a target of €58,100 in sight. They will protect their capital by placing a stop at €49,100.
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.
