(News Bulletin 247) – A clearly stated upward dynamic on DANONE shares will invite active investors to take a buying position, as part of a swing trading operation.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the DANONE stock makes it possible to identify an upward trend in the short term as well as in the medium term. Among the dominant graphic factors, we noted the presence of an upward gap on DANONE share prices. Formed on October 10, this quotation gap marked a surge in the buying camp, the same day the stock conquered the 50-day moving average (in orange) which acts as support for prices. The trading volume is increasing, a technical data favorable to our anticipation.
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 €63.67 with a target of €70,000 in their sights. They will protect their capital by placing a stop at €59,990.
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.
