The FTSEMIB will see a further large correction -34% retracing to FTSEMIB 14200 points. Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, stock returns and profitability. FTSEMIB chart on a larger time scale, already...
Hi everyone! As showed in my previous analysis on Dow Jones Industrial index(US30),also on the Italian major index we can see shaping a strong reversal trend patter(Head&Shoulder) on monthly timeframe. Also,we can notice that the bull trend started last year in April,due to huge injections of liquidity made by ECB given by a so called tool named Quantitative...
Going into the next few trading sessions i see a long on IT 40 as a viable position. From technicals we have potential to move lower by a further 200 points, i however see a reversal from the current region potentially sending the index higher. TP and SL are on screen. This is not financial advice.
my idea for this index ! t will hit this resistant point and bounce back making new low!
Global Markets Overview, Section 1 - Japan, China, UK, Eurozone, Germany, France, Netherlands, Italy.
Global Markets Overview, Section 1 - Japan, China, UK, Stoxx 50, Germany, France, Netherlands, Italy.
Global Markets Overview, Section 1 - Japan, China, UK, Eurozone, Germany, France, Netherlands, Italy,
Some thoughts long-term. Current pullback is from 138% of the wave ((B)). Impulsive move is likely in its fourth wave. Looks really scary going forward when the impulse is complete around 2023
Did you miss me, wolves? 🔥 There is a great formation on IT40. M pattern on time It means SHORT🔥 The price had strong bearish sentiment before than entered into correction. So now the price direct to potential follow of trend and start to move instantly. Follow the chart and look for the best price to enter...
MM50>MM200 entrambe positive. Supertrend positivo. Stc e Trix negativi. Tic negativo da 20 gg. Kumo negativa. Short (v. Tr3 negativo) se < 25516
hello i recommend buying after the cassure of 30000 to target on the level of 43020
Italy might be good at FOOTBALL but NOT in FINANCE. Dark Days Coming... GOODLUCK!
same situation like other index, false breakdown, recover it and retest lol
yeah the last key level SHORT TERM was broken, now you ned wait to 23500 level or below (red zone) meanwhile wait!
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yeah, descending channel and up!, if recover the last ascending channel, goes up above last high!
In the support, need still that in the short term