Danone: Good entry opportunity with near stop and excellent risk/reward ratio

MCD.US D1 Our expectations:

Technical analysis: Long trend and mid-term short correction. The price has reached a key support zone. This gives a good opportunity to enter by the trend with a good risk/reward ratio.

The price holds above 38.2% Fibonacci.
Price under 50SMA. Test of 200SMA, the price holds above.
DeMarker in neutral territory.

SL: 70

Alternative scenario: A confirmed breakthrough 70 would mean a deeper correction.

 Trader Georgi Bozhidarov

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