The last movement has confirmed a breakout of a congestion zone. I will wait for more pullback to 21.35 euros to actívate a long trade.
LONG POSITION ENTRY POINT: 1° tranche <= 1,970 STOP LOSS <= 1,852 TAKE PROFIT: follow our updates and sign in www.tradingbusiness.it
Unicredit broke trendline at 2.30 area. Good RR for a long trade towards 2.8
TIPO: LONG ENTRY POINT: mezza tranche = non più alto di 6,880 euro STOP LOSS <= 6,590 euro 1° TAKE PROFIT: 7,300-7,400 euro circa
changing in Unicredit long term trend
Unicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77 I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks...
Luxottica's slowing fall over the past six months has been nicely accompanied by bullish or improving momentum divergences. Levels around 42 seem to serve as a good floor for the time being. The 50day moving average has been capping any efforts since May, and a break above it, may be a first technical catalyst, with the second waiting @44.69 for the completion of...
Hi guys, trend making a tringle, in the same time volume is decreasing..if trend breaks up with a confirm maybe trends go up. What do you think? Share your point of view.
ENI seems in a downtrend continuation into a descending channel. I'm expecting one more test on lower channel before a possible breakout to the upside. Now the price is breaking the rising correction with a bearish divergence.
TIPO: LONG ENTRY POINT: 1° tranche = non più alto di 2,19 euro 2° ENTRY POINT: 2° tranche = 2,100-2,080 euro STOP LOSS <= 2,034 euro TAKE PROFIT: follow us on www.trafingbusiness.it for updates
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