(News Bulletin 247) – A clearly stated bullish dynamic on MERSEN shares will invite active investors to take a buying position, as part of a swing trading operation.
NB: investors who have followed our recommendation on this same file dated September 19 will be able to maintain the position, taking care to adjust the stop and the objective.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the MERSEN stock makes it possible to identify an upward trend in the short term as well as in the medium term, with prices moving above their 50-day moving average (in orange) since the release of intense energy on May 8. Since the white marubozus in high volumes, significant bullish gaps, ample bullish extensions, and healthy consolidations have followed one another.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on MERSEN stock in the short term.
Active investors will take a purchase position on the MERSEN stock at a price of €27 with a target of €33,450 in their sights. They will protect their capital by placing a stop at €24,800.
News Bulletin 247 advice
DAILY DATA CHART
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