(News Bulletin 247) – A clearly stated bullish dynamic on TARKETT shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the action of the specialist in floor coverings and sports surfaces makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation. The entry point is considered good, the stock completing a consolidation phase after the sudden rise from October 18 to 22.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on TARKETT stock in the short term.
Active investors will take a purchase position on TARKETT shares at a price of €10,650 with a target of €12,950 in their sights. They will protect their capital by placing a stop at €9,700.
News Bulletin 247 advice
DAILY DATA CHART
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