(News Bulletin 247) – A clearly affirmed upward dynamic on the FDJ 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 FDJ share allows us to identify an upward trend in the short and medium term. Among the dominant graphical factors, we noted the presence of a bullish gap on the FDJ share prices. Formed on September 3, this quotation gap marked a runaway of the buying camp. 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. The technical reading in Japanese candlesticks allows us to identify a white marubozu (or long white) configuration dating from the session of 07/26/2024, on a major announcement. This is a remarkable candle characterized by a very elongated body without (or almost without) upper or lower shadow.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on FDJ stock in the short term.
Active investors will take a long position on the FDJ share at €38,920 with a target of €42,000 in sight. They will protect their capital by placing a stop at €37,150.
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.
