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A clearly stated upward dynamic on SAFRAN 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 09/23 will be able to maintain this position, taking care to adjust the stop and protection and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the SAFRAN share makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as support for prices, materializing the power of the primary trend. The trading volume is increasing, a technical data favorable to our anticipation. Finally, the dynamics of the Bollinger bands at this stage suggest a release of energy, as does the support of the 20-day moving average on the underlying trend curve previously mentioned.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on SAFRAN stock in the short term.
Active investors will take a purchase position on SAFRAN shares at a price of €303,900 with a target of €375,000 in their sights. They will protect their capital by placing a stop at €284,500.
News Bulletin 247 advice
DAILY DATA CHART
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