(News Bulletin 247) – A clearly affirmed upward dynamic on the COVIVIO share will invite active investors to position themselves for purchase, as part of a swing trading operation.
NB: investors who followed our recommendation on this same file dated 05/09 will be able to maintain the position, taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data for COVIVIO shares allows us to identify an upward trend in the short and medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices.
The file is in remarkable outperformance compared to the market as a whole, displaying sustainable and linear progression.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on COVIVIO stock in the short term.
Active investors will take a long position on the COVIVIO share at €56.25 with a target of €62,000 in sight. They will protect their capital by placing a stop at €52,800.
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.
