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LOREAL (OR): Long Trade From Key Level

Largo
L'OREAL (EURONEXT:OR)  
VasilyTrader  
EURONEXT:OR   L'OREAL
Trend Analysis Chart Patterns Wave Analysis signals signalservice signalsprovider signal Stocks stocktrading fundamental-analysis priceaction
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trendanalysis chartpattern waveanalysis signals signalservice signalsprovider signal stocks stocktrading fundamental-analysis priceaction
snapshot

Loreal stock is falling since January.
From 6th the price started to contract within a falling wedge pattern.

On Friday the price reached major horizontal support and then formed a double bottom formation on hourly time frame.

Today we see a breakout of the resistance of the wedge.
It is a very strong bullish clue and the market will most likely start growing.

Goals: 301 / 304
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