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L’Oreal SA (EURONEXT)

27.01.2022

Market Review

#OR

The general trend is ascendant. The descendant wave structure has finished piercing the inclined channel. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.

Trade idea: 

Buy when the 376.00 level is breached.

Stop-loss — 362.00.

Target levels: 400.00; 431.00.

Author: GC
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