(News Bulletin 247) – A clearly stated upward dynamic on SAFRAN shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The action of the aeronautical engine manufacturer is evolving, on thick buying volumes, above an oblique support line, a support level that we have represented in black on the graph. Note that the 50-day moving average (in orange), in the bullish acceleration phase, tends to merge with this level of graphic support.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on SAFRAN stock in the short term.
Active investors will take a purchase position on SAFRAN shares at a price of €216.5 with a target of €249,000 in their sights. They will protect their capital by placing a stop at €207,900.
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.
