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On the basis of a graphical argument, News Bulletin 247 analysts selected SCHNEIDER ELECTRIC for active investors.
KEY GRAPHIC ELEMENTS
The action of our heavyweight CAC, champion of energy efficiency, came out on top of a flag of consolidation. This observation is not sufficient to develop a graphic scenario, which is why it is essential to observe and analyze the conditions of this output, carried out:
– on bullish gap,
– in satisfactory volume and volatility conditions
– on a major announcement, namely an opinion from an influential broker
– a resumption of firm support on the short moving average.
FORECAST
Looking at the key chart factors we mentioned, our view is bullish on SCHNEIDER ELECTRIC stock in the short term.
Active investors will take a purchase position on the SCHNEIDER ELECTRIC stock at a price of €257.75 with a target of €299,000 in their sights. They will protect their capital by placing a stop at €243,590.
News Bulletin 247 advice
DAILY DATA CHART
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