(News Bulletin 247) – A clearly affirmed upward dynamic on the COVIVIO HOTELS share will invite active investors to position themselves for purchase, as part of a swing trading operation.
NB: investors who followed our recommendation dated 08/13 can maintain the position, taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the COVIVIO HOTELS share allows to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue), which acts as support for the prices, has just cut upwards, at a significant angle, and in high volumes, its 50-day counterpart (in orange), making the title an exception on the Parisian market.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on COVIVIO HOTELS stock in the short term.
Active investors will take a long position on the COVIVIO HOTELS share price at €18.90 with a target of €24,000 in sight. They will protect their capital by placing a stop at €16,990.
The News Bulletin 247 council
DAILY DATA CHART
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