(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected TELEPERFORMANCE for active investors.
KEY GRAPHIC ELEMENTS
The proposed action is in a heavy downward trend and there is no question here of doubting this trend. However, in the short term, active investors will have the opportunity to benefit from an interesting entry point of a contrarian type, on an oversold stock within the meaning of the relative strength indicator. The proposed graphic scenario consists of a return to the upper limit of a bearish channel (drawn in black).
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on TELEPERFORMANCE stock in the short term.
Active investors will take a purchase position on the TELEPERFORMANCE share at a price of €80,200 with a target of €94,200 in their sights. They will protect their capital by placing a stop at €73,900.
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.
