(News Bulletin 247) – On the basis of a graphical argument, News Bulletin 247 analysts selected DANONE for active investors.
KEY GRAPHIC ELEMENTS
At the very end of July, the action of the food health specialist traced a significant upward gap (break gap), coinciding with the crossing of the 50-day moving average (in orange). The meaning of this rupture is reinforced by the formation of a candle with a very elongated green body yesterday, in sharply accelerating volumes. This type of candle is called marubozu according to the established Japanese nomenclature.
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 €76,280 with a target of €90,000 in their sights. They will protect their capital by placing a stop at €70,900.
News Bulletin 247 advice
DAILY DATA CHART
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