(BFM Stock Exchange) – A clearly assertive bullish dynamic on the Sword Group action will invite active investors to position themselves in purchase, as part of a swing trading operation.
Nb: Investors who will have followed our recommendation dated 11/06 on this same file will be able to keep the position, taking care to adjust the stop and the objective with the elements presented below.
Key graphics elements
The graphic analysis in daily data of the Sword Group action makes it possible to identify a short -term upward trend. The medium -term inversion is underway, supported by the formation of a school candle in inverted hammer on April 07, part of which was formed outside the Bollinger strips. In terms of trendy indicators, the 20 -day mobile average ‘in dark blue) acts as a support for the courses, from the slim Haussier of April 14. The position can be held as long as the courses close above this trend curve.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Sword Group in the short term.
Active investors will take a position for purchase on the Sword Group title during € 37,550 with a target at € 46,950 online in sight. They will protect their capital by placing a stop at € 34,700.
The News Bulletin 247 Council
Daily data graphics
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