I short Danone 60.5 target 55 and 50
We managed to rebound from a support at 49.82 but the trend is still Bearish unless we come back above 57.98 and close below 70 this is unlikely but everything is possible my level for start buying are 40.08 then 33.36 For the long term investors the Dividend yield is 3.98 % but you should wait for 40.08 to start buying a little then buy again at 33.36
Danone SA engages in the food processing industry. It operates through the following divisions: Fresh Dairy Products, Waters, Early Life Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products. The Waters division comprises the natural waters...
DANONE has formed a large rising wedge. Other patterns present include an ascending scallop, and a rounded bottom within the rising wedge.
Danone sits at the sweet spot of health conscious consumers with a wide array of products. It is long established with a very unique brand identity and despite its heritage, it is more than willing to change with current trends. The chart is on extremely bullish trajectory and that looks set to continue. AVERAGE ANALYSTS PRICE TARGET $18.63 AVERAGE...
Danone is evolving in an ascending canal delimited by resistance R and support S since years. The price seems to rebound on the support S (point s). For end of year prince will probably increase to the resistance o t which is in triangle configuration with support S. Our opinion is that price will increase to obj 1 (67€). Afterthat we will observe if a break of...
Bearish butterfly with EZ 53.07- 53.78 for 48.50 and 43.13
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 :...
Overall It is still quite bullish but the current EUR markets are waning on stocks. In fact most stocks were in the red today for the most part. Just goes to show that its good to get some solid confirmation before placing any trades Would of got done for some nasty slippage if I had gone long Monday!!
Drinking a bottle of Evian I thought hmm. Could bounce off that resistance a bit though as it is pretty resting for this stock.Heavy volume looks good too!