Danone SA (EURONEX) analysis, chart, and trading idea

#BN

The trend is descending. The resistance level of 58.72 holds the buyers, we see the Double Top pattern. There is a bearish divergence on the Awesome Oscillator. Stochastic Oscillator signals it, too. Descendant pattern ABC will be formed after breaching 49.63.

Trading idea:

Sell when the 49.63 level is breached.

Stop Loss is 50.72.

Target levels: 48.71; 47.33.