(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected SOITEC for active investors.
KEY GRAPHIC ELEMENTS
Graphical analysis of SOITEC shares in daily data makes it possible to identify a short-term upward trend. A mid-term trend reversal is still being validated. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. It has just crossed, at a significant angle, its 50-day counterpart (in orange), a basic trend curve in full swing. The trading volume is increasing, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks allows us to identify a white marubozu configuration dating from the session of 11/25/2024. According to Japanese candlestick analysis, the white marubozu (also called long white) has positive consequences for prices.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SOITEC stock in the short term.
Active investors will take a purchase position on the SOITEC stock at a price of €84.80 with a target of €106,700 in their sights. They will protect their capital by placing a stop at €77.9.
News Bulletin 247 advice
DAILY DATA CHART
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