Dry Environm. : Raising the Loss Stop and the course objective

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

NB; Operators who have followed our recommendation on this same file dated 25/06 will be able to keep the position by taking care to adjust the stop and the objective accordingly.

Key graphics elements

Since the formation of a remarkable candle in school “long white” on April 25, supported by transactions volumes, the action has reconquered its mobile average at 50 days (in orange), a background curve which constitutes a dynamic level of graphic support. It is essential to note the consecutive extension after the session of April 25, irrefutable proof of the power of the graphic configuration. The reversal on double support of the 70 euros is validated.

A “replica”, certainly less ample, of marubozu mentioned above is observable on July 03, in solid volumes.

FORECAST

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

Active investors will take a position for purchase on the DRAW ENVIRONMEM title. During € 102.8 with a target at € 124,900 in sight. They will protect their capital by placing a stop at € 91,900.

Daily data graphics