BE Semiconductor Industries N.V. : Benefit from the uptrend
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€12.34 | €0 | €11.9 | -100% |
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. Furthermore, in weekly data, 20-week moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the trendlinde at EUR 13. A stop loss will be placed under the EUR 12 short term support to avoid a downtrend.