(News Bulletin 247) – A clearly asserted upward dynamic on the VIRIDIEN share (formerly CGG) will invite active investors to take a purchasing position, as part of a swing trading operation.
NB: operators who have followed our recommendation dated 10/29 on this same file will be able to maintain the position by taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
Here are the technical elements that we compiled on 10/18
“The former CGG, under marked bearish pressure since the validation of a chartist figure on July 29, on marubozu in high volumes, is in the process of reacting upwards, on a protest movement, while a very net is established between RSI (relative strength indicator) and price dynamics And this while the Bollinger bands are tightening, suggesting an increase in volatility.
The start of the dynamic being accompanied by powerful buying volumes, we have decided twice since then to raise our price target.
FORECAST
Considering the key graphical factors that we have mentioned, our opinion is bullish on VIRIDIEN (ex CGG) stock in the short term.
Active investors will take a purchase position on the VIRIDIEN stock (formerly CGG) at a price of €41,980 with a target of €54,900 in their sights. They will protect their capital by placing a stop at €38,990.
News Bulletin 247 advice
DAILY DATA CHART
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