Today’s instrument is the Sanofi SA’s stock traded in the Nasdaq exchange under the ticker SNY. 

When we look at the SNY’s chart, we can see that it's been trading in a channel for the past week with support formed at $51.40 and resistance at $52.90. It was last found trading at $52.46 with between support and resistance levels.

Sanofi SA has scheduled a quarterly earnings announcement today 04/02/2022. If earning expectations are surpassed, we could expect the price to move upwards, towards the $55 price range.

Today we can expect a move towards the $52.90 resistance, possibly further into the $54 price range, anticipating positive news. 

If however, it doesn’t manage to hold on to the current level then a move below the closest support of $52 and into the $51 range.

(Click on image to enlarge)