Safran: Raising the stop level and the course objective

(BFM Stock Exchange) – A clearly assertive bullish dynamic on the Safran action will invite active investors to position themselves for purchase, as part of a swing trading operation.

NB: Investors who have followed our recommendation dated 30/01 on this same value can keep the position by taking care to adjust the stop and the objective.

Key graphics elements

The action of the aeronautical engine manufacturer has been in a particularly promising substantive dynamic since July 2022, alternating the phases of frank taken from height and the healthy consolidations. In the immediate future, the crossing of the mobile average at 20 days (in dark blue) on its sister at 50 days (in orange) gives an interesting signal to fit into the momentum. The signals sent by volumes at this stage The Ascension remain particularly encouraging.

FORECAST

In view of the key graphic factors that we have mentioned, our opinion is bullish on the Safran action in the short term.

Active investors will take a position on the purchase on the Safran title during € 253.7 with a target at € 290,000 in sight. They will protect their capital by placing a stop at 236,500 €.

Daily data graphics