(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected VIRIDIEN (formerly CGG) for active investors.
KEY GRAPHIC ELEMENTS
The ex-CGG, under marked downward pressure since the validation of a chartist figure on July 29, on marubozu in high volumes, is about to react upwards, on a protest movement, while a very clear divergence is taking place between RSI (relative strength indicator) and price dynamics. And this while the Bollinger bands are tightening, suggesting an increase in volatility.
FORECAST
Considering the key graphical factors that we have mentioned, our opinion is bullish on VIRIDIEN (ex CGG) stock in the short term.
Active investors will take a purchase position on the VIRIDIEN stock (formerly CGG) at a price of €32,995 with a target of €41,590 in their sights. They will protect their capital by placing a stop at €30,950.
News Bulletin 247 advice
DAILY DATA CHART
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