(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts have selected SWORD GROUP for active investors.
KEY GRAPHIC ELEMENTS
From September 10 to 17, the title of the IT services company experienced a phase of momentum bullish trend supported by unusually high buying volumes with more than 30,000 coins changing hands on the September 13 session alone. The structure of the consecutive consolidation, through its weak retracement of gains in particular, suggests an exit from above, at the very moment when the Bollinger bands (20;2.5) have tightened.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SWORD GROUP stock in the short term.
Active investors will take a purchase position on the SWORD GROUP stock at a price of €36,150 with a target of €43,190 in their sights. They will protect their capital by placing a stop at €33,790.
News Bulletin 247 advice
DAILY DATA CHART
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