L'OREALShort
L' OREAL
Hello everyone,
A good opportunity has been detected on the L’ OREAL stock.
After strong upward movement on the L’ OREAL, the
price found resistance on a return line, pulled back and is
currently correcting to the downside.
We are expecting the price to reach approximately the 266.500
price area, where we have a 23.6% Fibonacci retracement level,
as well as the 50 Moving Average and the lower bound of the
Bollinger Bands.
A good opportunity has been detected on the L’ OREAL stock.
After strong upward movement on the L’ OREAL, the
price found resistance on a return line, pulled back and is
currently correcting to the downside.
We are expecting the price to reach approximately the 266.500
price area, where we have a 23.6% Fibonacci retracement level,
as well as the 50 Moving Average and the lower bound of the
Bollinger Bands.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.