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The stock offers a dividend yield of nearly 7% and is close to a technical support level making it attractive to open a short-term position.
KEY GRAPHIC ELEMENTS
The stock has just set up a bullish engulfing after a downward movement. This configuration invites the establishment of a technical rebound initially towards the 20 daily period moving average then secondly towards the 50 daily period moving average.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on CARREFOUR stock in the short term.
Active investors will take a purchase position on CARREFOUR shares at a price of €13,570 with a target of €14,380 in their sights. They will protect their capital by placing a stop at €13,090.
News Bulletin 247 advice
DAILY DATA CHART
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