(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected MANITOU BF for active investors.

KEY GRAPHIC ELEMENTS

The reversal at the beginning of December, validated by transaction volumes, was followed by a reconquest of the 20-day moving average (in dark blue), a trend curve which has just crossed its 50-day counterpart (in orange), underlying trendline in full bullish inflection. White “marubozu” candles, characterized by an elongated green body with neither high nor low wick, have multiplied in recent history.

FORECAST

Considering the key chart factors we have mentioned, our view is bullish on MANITOU BF stock in the short term.

Active investors will take a purchase position on the MANITOU BF stock at a price of €19.10 with a target of €23,300 in their sights. They will protect their capital by placing a stop at €17,390.

News Bulletin 247 advice

MANITOU BF
Positive €19,100
Objective :
€23,300
Potential :
+21.99%
Stop:
€17,390
Resistance(s):
23,300 / 25,000
Support(s):
17,300 / 15,540 / 14,000

DAILY DATA CHART

Graph created from the software Prorealtime