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...
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.
