(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts have selected SCHNEIDER ELECTRIC for active investors.
KEY GRAPHIC ELEMENTS
Since October 7, the stock has concentrated most of its oscillations within a range (lateral channel) between 236 and 250 euros. He is putting pressure to get out of it, and the latest attempt, yesterday, is the perfect illustration of this, by the increase in volumes, the gains recorded during the session itself and the closing at the high points of the session. The Bollinger bands have also started to move apart.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SCHNEIDER ELECTRIC stock in the short term.
Active investors will take a purchase position on the SCHNEIDER ELECTRIC stock at a price of €252.35 with a target of €280,000 in their sights. They will protect their capital by placing a stop at €235,900.
News Bulletin 247 advice
DAILY DATA CHART
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