(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected TFF GROUP for active investors.
KEY GRAPHIC ELEMENTS
The cooperage group’s shares are in a heavy downward trend, but remain, at this stage of the releases, more than ever a candidate for a protest reaction. A very clear divergence has emerged between price dynamics and that of the relative strength index since mid-October. A clear overshoot of the 50-day moving average (in orange) would catalyze this bullish reaction towards the September 12 gap.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on TFF GROUP stock in the short term.
Active investors will take a purchase position on the TFF GROUP stock at a price of €29,600 with a target of €36,700 in their sights. They will protect their capital by placing a stop at €27,500.
News Bulletin 247 advice
DAILY DATA CHART
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