(News Bulletin 247) – A clearly asserted upward dynamic on SAINT GOBAIN shares will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the SAINT GOBAIN share 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 SAINT GOBAIN share prices. We have represented this ascending corridor in black, the lower limit of which (support) tends to merge with the line of the 50-day moving average (in orange). The action has just validated a combination of candles known as advancing soldiers.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on SAINT GOBAIN stock in the short term.
Active investors will take a purchase position on SAINT GOBAIN shares at a price of €90,540 with a target of €105,000 in their sights. They will protect their capital by placing a stop at €84,900.
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.
