(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected GECINA for active investors.
KEY GRAPHIC ELEMENTS
Compressed below the 50-day moving average (in orange) since July 8, the action is on the verge of a protest reaction, which the very clear divergence between price dynamics and relative strength index suggests. Crossing, subject to validation by volumes, the underlying trend curve mentioned, would support the graphic scenario.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on GECINA stock in the short term.
Active investors will take a purchase position on GECINA shares at a price of €82.70 with a target of €94,950 in their sights. They will protect their capital by placing a stop at €79.90.
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.
