Currently, the buyers seemed to have taken back the advantage, but the Major at 45.00€ is still preventing the stock from going higher. As long as this level is not passed, the long term trend such as the mid term one will remain . The 200 days Moving average shows that Total is still inside the downside direction ; it does not reverse durably.
For the blue : I always consider horizontal levels as the most important ones for trading ; the blue are just to show the pace of dynamics. A breakout of this type of line is not a sufficient indication to make a trade.
Because we are still in a bearish trend, with in addition to that the proximity with a major resistance area, it seems to be a great opportunity to open a short trade at the current price (44.15€ approx.) :
- stop @ 45.20€
- first target @ 43€ (to close 50% of the position) (Reward/Risk = 1.09)
- second target @ 41.60€ (to close the other 50% of the position). (Reward/Risk = 2.42)
Don't hesitate to share your view about this stock in comments !