TradingView
subtlepapi
Aug 4, 2022 10:02 AM

$ACA - Reversal with +15% upside Long

CREDIT AGRICOLEEuronext

Description

Technical Analysis (TA)
  • Weekly bottomed out with crossover on RSI and William %R)
  • Daily breakout has signaled a shift in momentum. However, there has been previous resistance at the 100EMA level so I expect this to come back down to EUR 9.2 for a higher low before a push upwards to $11 +


Price Target
Entry: 9.10-9.30
Target 1: 9.76
Target 2: 10.45
Analysts Target: 11.40

Fundamental Analysis (FA)
*Mediocre quality screen on financial metric.
*Strong earnings and dividends = key catalyst in this upward momentum.
Comments
Zestiria
thank papi
subtlepapi
@Valerus_Forex, You're welcome
More