(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected CATANA GROUP for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the CATANA GROUP stock makes it possible to identify a short-term upward trend. The medium-term dynamic is beginning to take off, as shown by the change in direction of the 50-day moving average (in orange), which moreover has played a supporting role since the pullback precise from December 5. The trading volume is increasing, a technical data favorable to our anticipation. This level of participation which is reforming coincides with an increase in volatility.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on CATANA GROUP stock in the short term.
Active investors will take a purchase position on CATANA GROUP shares at a price of €5,630 with a target of €7,310 in their sights. They will protect their capital by placing a stop at €5,140.
News Bulletin 247 advice
DAILY DATA CHART
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