(News Bulletin 247) – A clearly asserted upward dynamic on the COVIVIO HOTELS share will invite active investors to take a purchasing position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the COVIVIO HOTELS share makes it possible to identify a short-term upward trend.
In terms of trend indicators, the 100-day moving average acts as support for prices.
The trading volume is increasing, a technical data favorable to our anticipation.
The technical reading in Japanese candlesticks allows us to identify a white marubozu configuration dating from the session of 12/20/2024.
According to Japanese candlestick analysis, the white marubozu (or long white) has positive consequences for prices.
FORECAST
Considering the key chart factors we mentioned, our view is bullish on COVIVIO HOTELS stock in the short term.
Active investors will take a purchasing position on the COVIVIO HOTELS share at a price of €20,800 with a target of €24,900 in their sights. They will protect their capital by placing a stop at €18,800.
News Bulletin 247 advice
DAILY DATA CHART
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