After a few weeks of falling, Safran’s share price is now close to a strong daily support level around €265.2. This area can be a good place to start a trade and catch the underlying upward trend.
We expect a technical bounce in the coming days that could push the price toward €300.
One way to benefit is to buy the Vontobel KM40V turbo CALL, currently priced at €6.03. The product offers a possible 50 % profit, while the knockout level set near €247 limits the loss to about 35 %.
We keep an eye on this turbo and will issue a new recommendation when it’s time to exit. All targets and knockout levels are for information only and may change with market conditions.
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Technical Analysis