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The News Bulletin 247 team foresees a potential downside on the Dow Jones Industrial Average index, which will constitute the underlying of a perfectly adapted turbo put (G2WKB).

This reactive derivative product, issued by BNPPARIBAS, can be worked on by the most active investors. Leverage is close to 9.

KEY GRAPHIC ELEMENTS

The Dow Jones index, originally industrial, and now generalist, is moving below a graphical resistance level, at 34,300 points, which has been gradually gaining in intensity since December 13 and surreptitiously foraying above it. Since April 3, the index has traced a pattern (model) similar to a chartist figure with shoulders, head, and shoulders, above a 50-day moving average (in orange), a background trend curve whose break, subject to a sectoral federation within the components of the index, would generate a volatile selling movement.

FORECAST

In this context, the most active investors will bet on this bearish scenario (put) by positioning themselves on the turbo Put, issued by BNPPARIBAS and ticker code G2WKB, on Dow Jones, at €30,300.

They will take their profits when the underlying reaches 30,881,000 points or limit their losses by selling the turbo if they cross 33,901,000 points.

We will take care to note that in return for a very high leverage effect, if the deactivating barrier at 36,600 points (purple plot) is reached by the underlying, the loss of capital is total.

The News Bulletin 247 board

TURBO
Purchase at 30.30 € PUT
Objective :
30881.000 €
Stop:
33901.000 €
Mnemo:
G2WKB
Transmitter :
BNP PARIBAS
Disabling barrier:
–
Due date :
09/15/2023

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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