(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected ARGAN for active investors.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the ARGAN share makes it possible to identify an upward trend in the short term as well as in the medium term. THE trend background is powerful, but is not expressed graphically by a momentum uninterrupted. Thus, after temporarily leaving a bullish channel, the logistician’s action traced a W (double-dip graphic model) before regaining grip.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on ARGAN stock in the short term.
Active investors will take a purchase position on ARGAN shares at a price of €66,600 with a target of €75,600 in their sights. They will protect their capital by placing a stop at €62,900.
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.
