The stock is showing strong support at the 4080 levels. The current pattern shows a descending triangle
, constantly testing this support level
for the past 3 months. The descending triangle
is showing exhaustion as indicated by the Accum/Distribution trend. The A/D is a leading indicator that takes into account volume
aspect of the trade as well. One should expect a downward movement to the 3800 levels, followed by a possible bounce back. Fundamentally Sanofi
is a good stock currently trading at a P/E of 30.