(News Bulletin 247) – A clearly asserted upward dynamic on the ESSILORLUXOTTICA share will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: operators who have followed our recommendation dated 08/10/24 on this same file will be able to maintain the position, by adjusting the stop and the objective upwards.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ESSILORLUXOTTICA share makes it possible to identify an upward trend in the short term as well as in the medium term. The double dip, followed by the formation of a very wide gap at the end of July, reaffirmed the power of the buying camp. The relative dynamics of the remarkable moving averages also send very encouraging messages on a technical level.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ESSILORLUXOTTICA stock in the short term.
Active investors will take a purchase position on the ESSILORLUXOTTICA share at a price of €218,400 with a target of €245,000 in their sights. They will protect their capital by placing a stop at €204,900.
News Bulletin 247 advice
DAILY DATA CHART
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