Trade Idea for Danone SA (EURONEX)

Danone SA (EURONEX)

#BN

The trend is downward. The stock is trading within the range of the 365 and 135 EMAs. The upward truncated wave structure has been completed with a breakout of the ascending channel. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell on the formation of a downward wave structure.

Stop Loss – 69.80.

Target levels – 68.65; 67.50.