(News Bulletin 247) – A clearly asserted upward dynamic on ALSTOM shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ALSTOM share makes it possible to identify an upward trend in the short term as well as in the medium term. The title retraced all of the losses suffered due to its warning last fall. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices. The combination of candles observed on the last support on this curve, centered around December 3, is remarkable.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ALSTOM stock in the short term.
Active investors will take a purchase position on the ALSTOM stock at a price of €22,160 with a target of €27,350 in their sights. They will protect their capital by placing a stop at €20,650.
News Bulletin 247 advice
DAILY DATA CHART
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