(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ERAMET for active investors.
KEY GRAPHIC ELEMENTS
After freeing itself from its 20 and 50 day moving averages on the same session, on September 15 in thick volumes, the stock began a rapid ascent without entering the overbought zone, remaining below the upper limit of the Bollinger bands. The bullish gap of October 15 demonstrates a surge in the buying camp, immediately followed by a new bullish extension which supports the scenario of an entry into momentum.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on ERAMET stock in the short term.
Active investors will take a purchase position on ERAMET shares at a price of €65,700 with a target of €88,900 in their sights. They will protect their capital by placing a stop at €58,800.
News Bulletin 247 advice
DAILY DATA CHART
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.
