(News Bulletin 247) – A clearly affirmed upward dynamic on the COFACE share will invite active investors to position themselves for purchase, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphic analysis in daily data of the COFACE share allows us to identify an upward trend in the short and medium term. A trend that is based on the firmness of the graphic support level of 13 euros. Among the dominant graphic factors, we noted the presence of a bullish gap on the COFACE share price. Formed on 06/08, the quotation gap marked a runaway of the buying camp after a new support on the support mentioned. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for the prices. The trading volume is increasing, a technical data favorable to our anticipation.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on COFACE stock in the short term.
Active investors will take a long position on the COFACE share price at €14.70 with a target of €16,990 in sight. They will protect their capital by placing a stop at €13,950.
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.
