(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected VALNEVA for active investors.
KEY GRAPHIC ELEMENTS
The stock of the company specializing in vaccines against infectious diseases is in a heavy downward trend below a 50-day moving average (in orange), and a major bearish gap. If there is no question here of anticipating a clear and lasting reversal, the timing for the formation of a rebound of protest, short in number of sessions, but ample in value, is very interesting, both in terms of typology of the last four candles as well as the dynamics of the relative strength index, about to reach its main navigation zone after passing through the oversold box.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on VALNEVA stock in the short term.
Active investors will take a purchase position on VALNEVA shares at a price of €1,877 with a target of €2,499 in their sights. They will protect their capital by placing a stop at €1,699.
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.
