On the hourly chart, the trend started on May 10 (linear regression channel). There is a high probability of profit. Possible take profit level is 59.55 But do not forget about SL = 58.03 Good luck! Regards, WeBelieveInTrading
Danone - 30d expiry - We look to Buy a break of 50.81 (stop at 49.58) Price action has formed a bullish ascending triangle formation. 50.73 has been pivotal. Posted a Double Top formation. A break of the recent high at 50.74 should result in a further move higher. This stock has seen good sales growth. In our opinion this stock is undervalued. Our profit...
EURONEXT:BN is showing signs that it has already bottomed out and on its way up. We have a relatively safe trade here. RSI divergence suggests a reversal of trend. It suggests that the low of 29 October 2020 at €46 is the lowest Danone will reach in the short- to mid-term (few months). An ascending triangle is showing upward momentum. This suggests a...
Hi traders and investors , we have a breaks of the support and After the boycott of the French products danone stocks will go down this month
I short Danone 60.5 target 55 and 50
DANONE has formed a large rising wedge. Other patterns present include an ascending scallop, and a rounded bottom within the rising wedge.
D1 - Bullish special cycle completed * Double Wave correction completed. * Breakout of the double wave down happened. H4 - We have bullish convergence. Correction is happening now and then we may expect a continuation up.