(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected HERMES INTL for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the HERMES INTL share makes it possible to identify a short-term upward trend. Among the dominant graphical factors, we noted the presence of a triangle on the HERMES INTL share prices. Triangle represented in black, and an exit from the top would release additional purchasing energy. The trading volume is increasing, a technical data favorable to our anticipation. The technical reading in Japanese candlesticks allows you to identify a configuration in marubozu blank dating from the session of 02/12/2024. It is an extremely elongated candle, without shadow (or wick), materializing a continuous mobilization of the buying camp throughout the session, in thick volumes.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on HERMES INTL stock in the short term.
Active investors will take a purchase position on the HERMES INTL stock at a price of €2,315,000 with a target of €2,499,000 in their sights. They will protect their capital by placing a stop at €2,219,000.
News Bulletin 247 advice
DAILY DATA CHART
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