(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected FINANCIERE ODET for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the FINANCIERE ODET share makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphic factors, we noted the presence of an upward gap on the FINANCIERE ODET share prices. Very wide, this quotation gap was followed by a very strong bullish extension. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. This basic trend curve experienced a very marked inflection in the middle of August. An oblique line of support completes this positive technical picture.
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on FINANCIERE ODET stock in the short term.
Active investors will take a purchase position on the FINANCIERE ODET stock at a price of €1,560,000 with a target of €1,849,000 in their sights. They will protect their capital by placing a stop at €1,436,000.
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.
