(News Bulletin 247) – A clearly affirmed upward dynamic on the MERCIALYS share will invite active investors to position themselves for purchase, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the MERCIALYS action allows to identify an upward trend in the short term as well as in the medium term. Since the inversion of consensus in rounding bottom In the summer of 2023, the stock is in a powerful upward trend, supported by trading volumes. The 50-day moving average (in orange) is in a phase of strong upward acceleration, clearly materializing the outperformance of the stock compared to the market as a whole.
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 €12,080 with a target of €15,000 in sight. They will protect their capital by placing a stop at €11,190.
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.
