Previously SANOFI was consolidating in weekly chart.
Now there is a breakout on upper side.
There is 1:14 Risk Reward Long Term Trade Opportunity.
Pros:
1. Very High RR Ratio 1:14
2. Expected Waiting Period is around 8-16 Months
3. Target it 50% +
4. Very High Probability as its fundamentally good stock
Cons:
1. Gave bad results in recent Quarterly Results
We can take 4% Risk to Gain 50% Profit which I consider very great trade.
Now there is a breakout on upper side.
There is 1:14 Risk Reward Long Term Trade Opportunity.
Pros:
1. Very High RR Ratio 1:14
2. Expected Waiting Period is around 8-16 Months
3. Target it 50% +
4. Very High Probability as its fundamentally good stock
Cons:
1. Gave bad results in recent Quarterly Results
We can take 4% Risk to Gain 50% Profit which I consider very great trade.