(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected UNIBAIL-RODAMCO-WESTFIELD for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis in daily data of the UNIBAIL-RODAMCO-WESTFIELD share allows to identify a short-term bullish trend. The attitude of the prices towards their 50-day moving average (in orange) is particularly interesting. This underlying trendline, previously resistance, was crossed on August 26 in an increase in trading volumes. After a pullback (graphic rejection) very clear, the action has regained momentum. To the point that the 20-day moving average (in dark blue) has just crossed its 50-day counterpart at a significant angle.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on UNIBAIL-RODAMCO-WESTFIELD stock in the short term.
Active investors will take a long position on the UNIBAIL-RODAMCO-WESTFIELD share price at €75.96 with a target of €89,950 in sight. They will protect their capital by placing a stop at €71,400.
The News Bulletin 247 council
DAILY DATA CHART
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