(News Bulletin 247) – A clearly asserted upward dynamic on ACCOR shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ACCOR share makes it possible to identify an upward trend in the short term as well as in the medium term. The linear progression demonstrates the motivation over the duration of the buying camp. Among the dominant graphic factors, we noted the presence of an upward gap on ACCOR share prices. Formed on December 5, common but full of meaning, the quotation gap supports the basic bullish scenario. In terms of trend indicators, the 100-day moving average (in orange) acts as support for prices.
FORECAST
Considering the key graphical factors we have mentioned, our view is bullish on ACCOR stock in the short term.
Active investors will take a purchase position on ACCOR shares at a price of €47,080 with a target of €55,000 in their sights. They will protect their capital by placing a stop at €44,290.
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.
