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Trading idea for Danone SA (EURONEX)

28.09.2021

Market Review

Danone SA (EURONEX)

#BN
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator. The breakdown of 60.35 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending truncated pattern.

Trading idea:
Buy at the breakout of 60.35.
Stop Loss: 58.23.
Target levels: 62.80; 65.16.

Author: GC
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