Guidewire Software, Inc. : The bullish trend is not over
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$43.99 | US$0 | US$42.35 | -100% |
The security is trading in a bullish trend in the short and the long term. Prices are near to the USD 42.9 short term support, corresponding to a bullish trend line. Further, the 50-day moving average is coming in support and should help the stock to bounce towards USD 48.1.
According to technical elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach 48.1 resistance. A stop loss will be placed under the USD 42.9 short term support to avoid a downtrend.