Buy SCHNEIDER ELECTRIC for 1-3 years

5 lug 2021

Bullish golden crossover of 50VWMA and 200SMA indicating bullish potential upside.

*Also, a 3-year old base breakout has already occurred and price is currently hovering just above breakout level (between 120-125)

*RSI also confirming base breakout.

*ADX marking a fresh 5 YEAR HIGH!

*Potential targets are 188.15 and then 219-226.
Stop loss can be kept at 97.45
Thus Risk/Reward ratio is favourable at 2.43 and 3.89 (for both targets mentioned above respectively)

NOTE: All the above analysis is based on weekly charts.