www.varchev.com

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.

ndicators:
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


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance