(News Bulletin 247) – A clearly affirmed upward dynamic on the BUREAU VERITAS share will invite active investors to position themselves for purchase, as part of a swing trading operation.
NB: Operators who followed our recommendation dated September 13 will be able to maintain the position, taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
The daily data graphic analysis of the BUREAU VERITAS share allows us to identify a bullish trend in the short and medium term since the formation of a huge gap, partially retraced, on July 26 on a major announcement. The bullish engulfing of 08/29 sent an additional bullish message, even though the share had just traced a rally above its 20-day moving average (in dark blue).
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on BUREAU VERITAS stock in the short term.
Active investors will take a long position on the BUREAU VERITAS share at €30,780 with a target of €34,950 in sight. They will protect their capital by placing a stop at €29,290.
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.
