(News Bulletin 247) – Our analysts have spotted an excellent graphic configuration on the VIRIDIEN (formerly CGG) share, which the most active investors will be able to work on, at current price levels.
NB: investors who have followed our recommendation on this same file dated 10/12 will be able to maintain the position, taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
Since the gradual reversal of steam in October, resulting in a now lasting recovery in control of the buying camp, the stock has been literally carried by its 20-day moving average (in dark blue), whose angle of attack formed by its slope is important. In contact with it, action tends to multiply the sessions of momentumoccasionally accompanied by thick volumes.
FORECAST
Considering the key graphical factors that we have mentioned, our opinion is bullish on VIRIDIEN (ex CGG) stock in the short term.
Active investors will take a purchasing position on the VIRIDIEN stock (formerly CGG) at a price of €47.76 with a target of €59,950 in their sights. They will protect their capital by placing a stop at €42,900.
News Bulletin 247 advice
DAILY DATA CHART
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