(News Bulletin 247) – Based on a graphic argument, News Bulletin 247 analysts have selected AXA for active investors.
KEY GRAPHIC ELEMENTS
The daily data graphic analysis of the AXA share allows us to identify an upward trend in the short and medium term. Between August 13 and September 5, the share did not draw any red-bodied candles. In terms of trend indicators, the 20-day moving average (in dark blue) acts as a support for prices. It is hovering above the 50-day moving average (in orange), the underlying trend line, with which it is increasing its gap. The trading volume is increasing, a technical data favorable to our anticipation. On Tuesday in particular, more than 4,300,000 coins changed hands.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on AXA stock in the short term.
Active investors will take a long position on the AXA share at €35,600 with a target of €39,950 in sight. They will protect their capital by placing a stop at €34,140.
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.
