Key levels for SANOFI

The algorithm is showing a very profitable pattern in SANOFI.

First, if the price breaks up we have a clear rally until the top of the channel with a tight stop loss slightly below the break point.

On the other hand, if the market is moving down, we should see a break to the downside of the channel, then an easy break of the support and the blue line would be the last support before we see a major correction to 83$, where 3 different patterns are pointing out as a clear support area where demand will come back.

Good luck!

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