Trading ideas for L'oreal SA (EURONEXT) 24.01.2020

The overall trend is upward. The stock is trading at the lower border of the ascending price channel. Stochastic Oscillator signals oversoldness. The 365 and 135 moving averages are directed upwards.

Trading recommendations:

Buy while an ascending pattern 123 is forming.

Stop loss  – 266.00.

Target levels: 272.0 (the average line of the ascending price channel); 275.80.