Biomerieux: Raising the stop loss and the course objective

(BFM Stock Exchange) – Based on a graphic argument, BFM Stock Exchange analysts have selected biomocious for active investors.

Nb: Investors who have followed our recommendation dated April 30 on this same value can keep the position, by adjusting the stop and the objective.

Key graphics elements

Technically, the title evolves in a Trading Rangetypically interpreted as a figure of continuation. In the context of a preexisting upward trend, the probabilities are leaning in favor of an exit from above, hypothesis supported by the ongoing enlargement of Bollinger bands (20; 2.5). The objective will be brought to 140 euros.

FORECAST

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

Active investors will take a position on the purchase on the biomoting title in € 120,200 with a target at 140,000 € online in sight. They will protect their capital by placing a stop at € 112,200.

Daily data graphics