INP.FR - Long with trend, after correction to key levels of support

IPN.FR - Daily

Our expectations: Upward trend and price after adjustment in a support area, providing a good opportunity to add to long positions or build new ones. Stop Loss: 137.90

Alternative Scenario: Breaking the main trend and keeping the price below the support zone will break the positive scenario and are more likely to see a decline in the stock price.

Comment: Upward trend, correction to support zone formed by main upside diagonal, horizontal, 50SMA and 23.6% Fibonacci trend correction. Price Action: A Pin bar in a support zone that clearly shows the desire of the bulls to buy from the current values. 50 and 200SMA remain beached - the trend remains in place. The CCI14 crosses -100 from the bottom up while the CCI50 remains slightly below 0 - the probable end of the corrective pulse.

The positioning options are 2, immediately upon the opening of European exchanges and after 50% correction of the pin bar.

Ipsen S.A. is a French pharmaceutical company in the healthcare sector, whose companies are seen as a "shelter" during short-term stock market uncertainty. The deepening disputes between the US, China and Canada will most likely lead to a temporary capital allocation to the health sector, which has already achieved good growth rates over recent years.

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