(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected VICAT for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the VICAT share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant chart factors, we noted the presence of a bullish gap on VICAT share prices. Formed on 10/09, partly trimmed, this “quotation gap” marked a surge in the buying camp. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. The remarkable white “marubozu” candle from 09/19 materialized in commitment from the buying camp throughout the session.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on VICAT stock in the near term.
Active investors will take a purchase position on the VICAT stock at a price of €36.40 with a target of €42,000 in their sights. They will protect their capital by placing a stop at €34,340.
News Bulletin 247 advice
DAILY DATA CHART
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