S.E.B.

- EUR (-)

- 15 min delayed data - Euronext Paris

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Type:	Stocks
Ticker:	SK
ISIN:	FR0000121709

S.E.B. - Tests the bottom of its rising wedge & Tenkan Sen #Ichimoku - 06/07/2017 (GMT)

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Chart + Trading signal

Signal : Sell signal
|
Entry price recommended : 157,3
|
Stop loss : 163
|
Take profit : 140,45

Timeframe : Daily

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S.E.B. Chart

The prices evolve in a ascending wedge in case of bearish breakout confirmed by a breakout of Tenkan Sen 157.30, the first TP could be the future flat Kijun Sen at 153.85, and if this support does not hold a more ambituious TP could be set on the flat SSB 140.45 show on the chart.

The observed negative divergence on MACD & RSI supports this hypothesis.

Sell stop 157.30
Initial Stop Loss 163
Once TP1 reached, stop loss is set to breakeven

Final TP 140.45

This member did not declare if he had a position on this financial instrument or a related financial instrument.