ACCOR - Short term trend reversal

[Zebulon92600]

The stocks is currently testing the neck line of a reverse head and shoulders pattern at 35.55 (15min chart). The breakout of this will valide the short term trend reversal to target 36.19 and 36.50 (theorcical objective of the pattern).

Zébulon, fan of CentralCharts.com

 

[Zebulon92600]

The trade goes well. 36.50 is not far away with the bullish opening gap. stop at 36.10.

Zébulon, fan of CentralCharts.com

 

[Zebulon92600]

the value has continued its bullish movement and is testing the resistance at 36.91. Stop at 36.56 and we see if the price breaks the resistance. In case of breakout, I expect a pursuit of the movement toward 37.5 (full retracement ...)

Zébulon, fan of CentralCharts.com