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Total figures become clearer nowWe can see a strong resistance appear at 38 and was tested several times now. So if this resistance is broken the signal will be a strong buy. We also have a good support at 36. Between 36 and 38 some trades can be made. And if 36 support is broken, we may go to 34 wich is the december's resistance And after 34 we have a resistance at under 32. There is maybe a mini gap to reach at 33 but i prefer to let the graph simplier. Personal, I'm waiting to see if good or bad news are coming to give another tendancy to the stock. It looks like the market is doing the same with this flat figure last week We already increased a lot so maybe we see a strong correction and if it the case you have the entry points in this analysis :)
EURONEXT:TTE
by jypay
Danone, Quick Trade or Long-term Buy. Both work here.EURONEXT:BN is showing signs that it has already bottomed out and on its way up. We have a relatively safe trade here. RSI divergence suggests a reversal of trend. It suggests that the low of 29 October 2020 at €46 is the lowest Danone will reach in the short- to mid-term (few months). An ascending triangle is showing upward momentum. This suggests a target of €60. At €60, we see strong resistance that has contributed to major reversals in the past. So that's a line to watch. I suspect a reversal at this line back to the top of the triangle. Just above the €60 line is the 50% Fibonacci level from the recent swing. Crossing this 50% Fib indicates a stronger probability of returning to the swing's top rather than its bottom. If the resistance at €60 is crossed, then it's a very encouraging sign of the bullish momentum and we set our next target at the resistance above at €65. The trade should go like this: You should go long as soon as the triangle breaks upwards, and set a stop loss at either €51.50 or €50.50 depending on your risk appetite. If the first target of €60 is reached, then we raise our stop loss to the top of the triangle or slightly below it, perhaps at €53.50 Once we cross the resistance at €60 by a full daily green candle above it, we raise our stop loss to that level. Cheers.
EURONEXT:BNLong
by TechNerdOmar
3