(News Bulletin 247) – A clearly asserted upward dynamic on ACCOR shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
On August 5, on a reversal island, the stock reversed course in a clear manner, consecutively and authoritatively regaining its remarkable moving averages. The 20-day moving average (in dark blue) constitutes a dynamic level of support, while the 50-day moving average (in orange), the underlying trend line, is oriented very clearly upwards. The signals sent by the dynamics of the Bollinger bands (20;2.5) are very positive.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on ACCOR stock in the short term.
Active investors will take a purchase position on ACCOR shares at a price of €45,440 with a target of €54,950 in their sights. They will protect their capital by placing a stop at €42,900.
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.
