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Trading idea for today: Danone SA (EURONEX)

11.10.2021

Market Review

#BN

The overall trend is upward. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions. The support level of 56.53 discourages the sellers.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss: below the local minimum (56.53).

Target levels: 60.50; 64.00.

Author: GC
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