(BFM Stock Exchange) – Based on a graphic argument, News Bulletin 247 analysts have selected Legrand for active investors.
Key graphics elements
The graphic analysis in daily data of the Legrand action makes it possible to identify a short -term upward trend as in the medium term, since the formation of a remarkable candle in inverted hammer on April 07. The recovery was first built within an ascending channel with a strong slope. In a perfect convergence between relative force index and courses, the action traces many bruise gaps, regularly, as so much index of movement.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the Legrand action in the short term.
Active investors will take a position on purchase on the Legrand title during 125.60 € with a target at 149,900 € online in sight. They will protect their capital by placing a stop at € 117,400.
The News Bulletin 247 Council
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
