(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected DANONE for active investors.
NB: investors who followed our recommendation dated November 9 will be able to maintain the position by taking care to adjust the stop and the price target.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the DANONE share makes it possible to identify an upward trend in the short term as well as in the medium term since the reconquest of the 50-day moving average (in orange), on October 9 and 10, in volumes rising, on two “long white” candles (also called marubozu in the established Japanese nomenclature), separated by an uncontested bullish gap.
FORECAST
Considering the key chart factors we have mentioned, our view is bullish on DANONE stock in the short term.
Active investors will take a purchase position on DANONE shares at a price of €59,080 with a target of €65,000 in their sights. They will protect their capital by placing a stop at €56,250.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
