(News Bulletin 247) – A clearly stated bullish dynamic on NEXITY shares will invite active investors to take a buying position, as part of a swing trading operation.
NB: investors who followed our recommendation dated 02/10 on this same stock will be able to maintain the position by taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the NEXITY share makes it possible to identify a short-term upward trend, since the return to growth of the successive points of 06/28, 07/25 and 09/04. The buying camp has been fully mobilized since this last date. Yesterday the action constructed a remarkable and predictive combination of candles called a bullish engulfing, namely that the green body of the said candle completely covers the red body of the previous session. A bullish gap followed by 3 green-bodied candles, over the last three sessions, validated the bullish message, in strong trading volumes.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on NEXITY stock in the short term.
Active investors will take a purchase position on NEXITY shares at a price of €14,580 with a target of €19,950 in their sights. They will protect their capital by placing a stop at €13,290.
News Bulletin 247 advice
DAILY DATA CHART
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