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...
After the events in France, the consumer countries decided to boycott products forever, the economy of France would be greatly affected.
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.
Description of Chart : Looking at a narrowing range here, after bouncing off of resistance again quite convincingly. The 50MA has also crossed over the 200MA on the 1D chart (this chart is a 2D chart). First target is at the support of the yellow trend line. If we can break below that then the second target is at previous support at 53.34. Website :...