SNY - Long After assessing Sanofi both technically and fundamentally my position on it is a strong buy.
SANO trade ideas
Sanofi - bullish continuation confirmed on 4HSanofi S.A. is a French multinational pharmaceutical company headquartered in Paris, France, as of 2013 the world's fifth-largest by prescription sales. Shown here is the daily chart, with monthly zones/lines of support (green dashed lines) and resistance (red dashed lines). Also shown is a Fibonacci drawn on the monthly chart. In the 4H, Sanofi is clearly bullish ( recent breakout of green Heikin Ashi candles, price above the 50 and 200 MA, recent cross over of 50/200 MA on 4H, and an RSI > 50. Price recently dipped a bit to the downside, but recovered, and is in the 23.8% Fibonacci zone, to which it has returned. On the daily chart, price is between the 50-day MA and 200-day MA, which appears to be crossing over soon. This would be a bullish signal on Daily chart if it happens. If price does move upward, the there are several levels of resistance (monthly), namely at around 83.57, 86.33, 92.94. 95.86 and the all time high of 101.06. A price drop down to 79.00/80.00 would invalidate the bullish signal. Keen to know what others think. Please leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
Sanofi consolidates, new bullish trend in 2022I expect the price of Sanofi to carry on falling inside the descending channel, especially if global market consolidates due to rising inflation fears. Sanofi has not been able to produce a covid vaccine and is just starting phase I/II trials for a second vaccine candidate which leaves the near future a bit blurry and may keep investors away. Once the price has reached the bottom of the horizontal range (64 EUR) I expect a reversal for a new bullish trend towards 95EUR by end of 2022.
Cup and HandleNo rising wedges noted and is close to B/O (breakout)
Stop can be below handle low or melow mid cup Everyone has a different tolerance on stops.
I think it is imperative to have a goal in mind before you place a trade. I am working on trying to focus on just a few trades at a time as I have an issue with wanting to buy everything! LOL I end up with smaller positions in too many stocks verses weeding through and picking just a few I think are the best and placing more money in those. We all have improvements we can make. Making a mistake is not the end of the world as long as we do not repeat it over and over.
Not a recommendation
Sanofi, leading in the fight for COVID-19Sanofi is leading the clinical development and registration of the COVID-19 vaccine and expects a Phase 1/ 2 study to start in September, followed by a Phase 3 study by the end of 2020. If data are positive, regulatory approval could be achieved by the first half of 2021. In parallel, Sanofi and GSK are scaling up manufacturing of the antigen and adjuvant to produce up to one billion doses per year overall.
Sanofi and GSK are committed to making the vaccine available globally
As we are hitting the golden zone in FIB retrace. Im going to put this on watch.
CLOSE TO PULLBACK UP ZONES SANOFI - SAN - 240MNThe price has been ranging widely, coming back to its pre-pandemic trend.
The price is coming very closely to two different important "pullback up" line.
Probability of nice entry for a long direction trade.
In the flip side, if it breaks down those two lines further, there is a risk to see the price approaching the horizontal black line.
For the moment, the probability stays in the direction of the pitchfork, up trending.
SANOFI (SAN) Catching Bullish Wave
hey guys,
after a bullish breakout of a major falling trendline, the price is consolidating in a horizontal range.
it looks like buying volumes are accumulating to breakthrough the minor resistance and go higher.
to jump in wisely wait for a 4H candle close above the range, then buy on a pullback or aggressively aiming at:
91.3
92.4 levels
good luck
if the market breaks below the range, setup will be just invalid.
SAN : SANOFI is well positioned to continue its move higherSanofi (SAN) is one of the most important pharmaceutical companies in the world.
Its fundamentals remain very good.
Recently there were lots of articles as per a drug of the company for possible treatment of the COVID-19.
Yesterday Sanofi was once again in the news due to the big race for a vaccine for the COVID-19.
Sanofi CEO Paul Hudson has laid out some of his company’s plans should its program succeed. According to Bloomberg, Americans will likely get Sanofi’s Covid-19 vaccine before the rest of the world if the French pharmaceutical giant can successfully deliver one. That’s because the U.S. was first in line to fund Sanofi’s vaccine research. Sanofi CEO warned that Europe risks falling behind unless it steps up efforts to seek protection against a pandemic that’s killed more than 290,000 people worldwide.
Technically, the stock remains within a triangle with 5 sub waves (a-b-c-d-e). They form wave 4.
Once wave 4 ends, the stock will move higher for its wave 5. My target prices are set for now above 100.
As you can see on the chart I have already opened a position around 72 (BUY) and will add some more to catch the 5th wave up.
Strategy
Wait for (e) to end (I will update the chart once it does) and open a long position.
The triangle formation must be broken on the upside for a solid buy signal.
Disclaimer
Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.
