(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected VIRIDIEN (formerly CGG) for active investors.
KEY GRAPHIC ELEMENTS
Since the gradual reversal of steam in October, resulting in a now lasting recovery in control of the buying camp, the stock has been literally carried by its 20-day moving average (in dark blue), whose angle of attack formed by its slope is important. In contact with it, the action tends to multiply momentum sessions, occasionally accompanied by thick volumes.
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 €44,270 with a target of €54,950 in their sights. They will protect their capital by placing a stop at €40,300.
News Bulletin 247 advice
DAILY DATA CHART
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