Bilfinger SE : Back to a significant support
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€71.98 | €0 | €69.2 | -100% |
Moreover, at current price, the company is trading 11.8 times its earnings for this year and thus has a significant potential.
Bilfinger is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.
Investor should watch the security close to EUR 70.95 to take advantage of a new upward acceleration in the direction of EUR 74.2. A stop loss is placed under EUR 70.95.