Trade Idea for Danone SA (EURONEX)

Danone SA (EURONEX)

#BN

    The trend is bearish. The upward wave structures are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell on the formation of a bearish wave structure, where wave (A) breaks below 71.65 (pivot of wave 2 of C).

Stop Loss – above the local high of the truncated bullish structure.

Target levels – 69.42; 66.80.