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
CONTEXT :
Long term :
- Under historical linear regression line in M1
- Support line at 32 EUR
Short term :
- Under resistance zone of 51-52 EUR
ANALYSIS :
- IF BROKEN : Long and profit target at 63-64 EUR
- IF NOT : Buy limit at 32 EUR (long term support line)
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...
The technical figure Triangle can be found in the French company Danone S.A (BN.pa) at daily chart. Danone S.A. is a multinational food-products corporation based in Paris and founded in Barcelona, Spain. It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of the company's products are branded Dannon in the United States....
Danone SA has completed two classical charting patterns over the past 12-months with the bottom signified by a complex inverted head and shoulders followed by a 5-month period of consolidation (rectangle). The current breakout sees a target of at least 65 with a likely bullish trend to be established over the coming months. The current pullback to 62 following the...
Technical outlook:
BN.pa bullish scenario:
We have technical figure Channel Down in U.S. company Danone S.A. (BN.pa) at the daily chart. Danone S.A. is a multinational food-products corporation based in Paris and founded in Barcelona, Spain. It listed on Euronext Paris, where it is a component of the CAC 40 stock market index. Some of the company's products are...
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...
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...
