(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected DERICHEBOURG for active investors.
KEY GRAPHIC ELEMENTS
Since the breakout gap on December 6, the action has definitively put an end to a correction phase that began on November 4 on the combination of black crows. The thick volumes on the consecutive bullish extension, the firm support on the 50-day moving average (in orange) and the quality of the consolidation from December 20 affirm the quality of the configuration. As for the entry point, it is given by the crossing of the 20-day moving average (in dark blue) with its 50-day counterpart (in orange).
FORECAST
Considering the key graphical factors we have mentioned, our opinion is bullish on DERICHEBOURG stock in the short term.
Active investors will take a purchase position on the DERICHEBOURG stock at a price of €5,300 with a target of €6,230 in their sights. They will protect their capital by placing a stop at €4,990.
News Bulletin 247 advice
DAILY DATA CHART
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