Rebound to follow on the lower limit of the trading range

Abandoned in the short term by operators because considered defensive, the title could find buying interest on the lower limit of its trading range.

KEY GRAPHIC ELEMENTS

Back on the lower part of its range, we can position ourselves to buy near the support to aim for the upper limit of the trading range which also corresponds to the symbolic price level of €100.

FORECAST

In this context, the most active investors will bet on this bullish scenario (call) by positioning themselves on the turbo Call, issued by BNPPARIBAS and ticker code FRBNPP04BNW8, on SANOFI, at €1,190.

They will take their profits when the underlying reaches €100,000 or limit their losses by selling the turbo in the event of a breakout of €92,160.

Care should be taken to note that in return for a very high leverage effect, if the knock-out barrier at €85 (purple line) is reached by the underlying, the loss of capital is total.


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