Danone is evolving in an ascending canal delimited by resistance R and support S since years.
The price seems to rebound on the support S (point s). For end of year prince will probably increase to the resistance o t which is in triangle configuration with support S.
Our opinion is that price will increase to obj 1 (67€). Afterthat we will observe if a break of the o t resistance is possible (in this case we can target obj2 +22%) otherwise we will observe a pullback to s.
For the moment we buy we target obj 1 and stop loss SL1.
The price seems to rebound on the support S (point s). For end of year prince will probably increase to the resistance o t which is in triangle configuration with support S.
Our opinion is that price will increase to obj 1 (67€). Afterthat we will observe if a break of the o t resistance is possible (in this case we can target obj2 +22%) otherwise we will observe a pullback to s.
For the moment we buy we target obj 1 and stop loss SL1.