Previously SANOFI was consolidating in weekly chart. Now there is a breakout on upper side.
There is 1:14 Risk Reward Long Term Trade Opportunity.
Pros: 1. Very High RR Ratio 1:14 2. Expected Waiting Period is around 8-16 Months 3. Target it 50% + 4. Very High Probability as its fundamentally good stock
Cons: 1. Gave bad results in recent Quarterly Results
We can take 4% Risk to Gain 50% Profit which I consider very great trade.
[ NOTE : Only Recommended to buy with 15-20% of total Capital for long term target]