Basing on the hypothesis of "Sell in May" we have a 66.66% of accuracy
(8 red months, 4 green months, so 8win/12trades).
It should be a nice start for a study on statistical cycles patterns, seasonality and other things....
All thanks to Enrico!!
Intesa Sanpaolo Bank is, in my opinion, in a correction mode finding a support level at 2.70. Such a price was the one tested during last June "gap up" after the Italian Bank incorporated two smaller regional banks. Altough some analysts (www.thecerbatgem.com) forecasted a 3.20 target price, that level is quite difficult to reach in the short term. Much will...
