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BNP PARIBAS SA (BNPP.PA)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, BNP PARIBAS SA (BNPP.PA) is from the breakout alerts section of the weekly report. It is featuring possible bullish H&S continuation.

BNP PARIBAS SA (BNPP.PA)

BNP Paribas SA is a France-based international banking institution. The stock is listed on the Paris Stock Exchange. Price chart formed a 4 month-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 60.50 levels. The horizontal boundary was tested several times over the course of the chart pattern. The daily close above 61.40 levels confirmed the breakout from the 4 month-long head and shoulder continuation with the possible chart pattern price target of 67.00 levels.


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