(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected MANITOU BF for active investors.
KEY GRAPHIC ELEMENTS
The action of the specialist in handling and lifting equipment for construction sites, in a basic downward trend, is largely oversold, given its relative positioning with respect to the lower limit of the Bollinger bands, the distance from its moving average at 50 bears (in orange) and from the dynamics of the relative strength oscillatory, which tends to diverge with prices.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on MANITOU BF stock in the short term.
Active investors will take a purchase position on the MANITOU BF share at a price of €15.74 with a target of €18,190 in their sights. They will protect their capital by placing a stop at €14.79.
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.
