BNP Paribas at Trend Line Support. We look to Buy at 59.34 (stop at 57.18)
BNP Paribas - Short Term - We look to Buy at 59.34 (stop at 57.18)
We look to buy dips. Previous support located at 26.20. Reverse trend line support comes in at 60.00. The daily chart technicals suggests further upside before the downtrend returns. Further upside is expected although we prefer to set longs at our bespoke support levels at 60.00, resulting in improved risk/reward.
Our profit targets will be 65.67 and 67.40
Resistance: 65.00 / 68.00 / 70.00
Support: 60.00 / 55.00 / 50.00
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