Danone: double bottom in the 61 area and a fresh buy signal

Danone opens a buy signal on Euronext, anchored by a technical double bottom in the 61 area. The sector context is supportive, but the signal is the weakest among the 6 fresh European longs: weekly structure still bearish, MACD in negative territory and price below the Ichimoku cloud. The confirmation week is still in progress.