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The Accor group plans to introduce its Lifestyle Ennismore subsidiary to New York to New York, potentially valued at several billion dollars. The group holds 62 % of this entity which operates 180 hotels around the world. Information could bring the group’s title to the short term.
Key graphics elements
The title has just recorded a strong correction, returning to a major technical support likely to arouse an upward reaction, while the return/risk ratio becomes again attractive for positioning to purchase.
FORECAST
In view of the key graphic factors that we have mentioned, our opinion is bullish on the short -term Accor action.
Active investors will take a position on purchase on the Accor title during € 43,990 with a target at € 46,000 in line. They will protect their capital by placing a stop at € 40,890.
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.
