(News Bulletin 247) – A clearly stated upward dynamic on ELIOR shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ELIOR stock 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 channel on ELIOR share prices. Its lower limit continues to constitute a support level, which merges with the 50-day moving average (in orange), a basic trend curve whose test is imminent. The technical reading in Japanese candlesticks allows you to identify a configuration in marubozu blank dating from the session of 10/21/2024.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on ELIOR stock in the short term.
Active investors will take a purchase position on the ELIOR stock at a price of €4.15 with a target of €4,990 in their sights. They will protect their capital by placing a stop at €3,840.
News Bulletin 247 advice
DAILY DATA CHART
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