Danone SA · 10th week of decline · technical bounce on double bottom
Danone bounces off double bottom: the bearish front loses momentum
Danone SA · 10th week of decline · technical bounce on double bottom
In Summary
Danone SA is at week 10 of a sell signal. This week closed with a 5.7% bounce and buy volume at 81%: a sharp reversal from the previous 3 weeks, all dominated by sellers. A double bottom has formed in the 61 area on the daily chart, with a 5% intermediate rebound. The bearish front is losing intensity, but MACD and CMF remain in negative territory.
Ongoing decline
·10th week from start
·EU-UK stocks
·T2
IQS Phase
58
ordinary
Signal Strength
10
indecisive week
Sizing
MINIMUM
Ranking
#30 / 54
EU-UK stocks
Trade P&L %
+4.08%
from signal to today
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