Arcadis NV : Accumulation phase
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€22.98 | €25.5 | €21.85 | +10.97% |
The downward trend engaged on the recent highs at EUR 28 has brought the stock close to EUR 22.8, not far from its 100-weeks moving average. The equity is currently in an accumulation phase near its EUR 22.8 strong support. Preserving this level will enable a powerful rebound to take place towards EUR 25.5.
Thanks to the technical pattern and ARCADIS' strong fundamentals, active investors can open long positions above EUR 22.8. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at EUR 25.5. However, a bearish trend would regain the upper hand if the security crosses EUR 22.8.