(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected DANONE for active investors.
KEY GRAPHIC ELEMENTS
The very calm rise between August 22 and September 10 was built without excitement, with increases even during the session, and a series of candles with green bodies, in increasing volumes. It is therefore with a certain foundation that the stock entered the range phase (horizontal channel), quite thin, between 64 and 66 euros. A corridor from which he is currently trying to free himself. The tightening of the Bolllinger bands, like the complete revisiting of the magnitude of the channel on Tuesday, suggests an exit from above, which the volumes will have to confirm.
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 €64,620 with a target of €72,600 in their sights. They will protect their capital by placing a stop at €62,940.
News Bulletin 247 advice
DAILY DATA CHART
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