(News Bulletin 247) – A clearly asserted upward dynamic on COFACE shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the COFACE share makes it possible to identify an upward trend in the short term as well as in the medium term. A trend which is based on the firmness of the graphic support level of 13 euros. Among the dominant graphic factors, we noted the presence of an upward gap on COFACE share prices. Formed on 06/08, the quotation gap marked a surge in 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 prices.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on COFACE stock in the short term.
Active investors will take a purchase position on the COFACE share at a price of €14,920 with a target of €17,990 in their sights. They will protect their capital by placing a stop at €14,090.
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.
