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Traderherz-Analytics
Apr 9, 2021 8:45 AM

Trading Idea - PERNOD RICARD Long

PERNOD RICARDEuronext

Description

BUY - Long-Term

Target: 190.00 EUR
Stop: 162.00 EUR

1.) Breaking out of the consolidation area (POI 159.00 EUR)

2.) intact uptrend on D1 chart

3.) The growth is taking place in the Asia-Pacific region. China is acting as the engine of spirits consumption after the country was the first to recover from Covid-19. The French (Pernod Ricard) are the market leaders there. But business is also improving in India.

Trade closed: target reached

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