MEDIAN TECHNOLOGIES

ALMDT
Real-time Quote. Real-time  - 01/15 11:39:14 am
7.36EUR +3.95%

Median Technologies SA : After the accumulation, an upward acceleration ?

Nicolas Chéron
Market Strategist

Strategy published on : 01/14/2021 | 09:02

long trade on a pullback
Conditional Order Terminated

Entry price : 6.2€
Target : 8.84€
Stop-loss : 5.35€
Cancellation Level : 7.5€
Potential : 42.58%

After accumulation, acceleration. Timing appears favorable to go long in shares of Median Technologies SA and to anticipate an exit of the trading range on the upside.
Investors should buy the stock at current prices near € 6.2 in order to target the € 8.84.

Strengths

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 2.69 EUR


Weaknesses

● For the last few months, analysts have been revising downwards their earnings forecast.

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