Trading idea for BNP Paribas SA (EURONEXT)

#BNP

The share is traded between 365 and 135 downbound moving averages. The trend continuation figure “pennant” is forming. Awesome Oscillator indicates bearish divergence, and moving levels of the Stochastic Oscillator are close to the overbought area.

Trading idea:

Sell after the price holds below the mirror level of 49.760, resulting in the pennant breach.

Stop-loss: 53.300.

Target levels: 46.53; 44.00.