(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ARGAN for active investors.
KEY GRAPHIC ELEMENTS
The action of the real estate specialist in logistics goods is in a position at the bottom of tidy (lateral channel), figure which defines the structure of exchanges since the heart of April. While a reversal signal is visible on the graph of the RSI oscillator (relative strength), an entry point emerges, supported in its legitimacy by the dynamics and the relative positioning of the lower limit of the Bollinger bands ( parameters 20;2,5).
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ARGAN stock in the short term.
Active investors will take a purchase position on ARGAN shares at a price of €73,800 with a target of €89,000 in their sights. They will protect their capital by placing a stop at €69,900.
News Bulletin 247 advice
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.
