Colruyt Group N.V. : Accumulation phase
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€36.62 | €0 | €34.82 | -100% |
Technically, the security is in a negative configuration as shown by the bearish trend daily moving averages. Nevertheless, the stock seems to have entered into a consolidation phase, close to its EUR 36.05 strong support. This level might stop the bearish trend in the short term and enable a rebound towards EUR 39.
Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long position in order to benefit from the EUR 36.05 support area. The target will then be EUR 39 for a stop loss placed under the EUR 36.05 support.