My trading idea for Stellantis : Buy / LONG
Target: USD 15.00 (+16% gain)
The carmaker formed by the merger of FCA and PSA will report its financial results on 28 July. Positive results are expected as margins have increased.
There is also a robust support line in the USD 11.00 to USD 12.00 range. This was successfully tested in July.
if it cannot break back above short trigger at 13.78 we will most likely see a test of 12.61-10.27-7.94, but a break past trend resistance/15.28 will give us a nice bull rally here.
MIL:STLA
A basic look at STLA is showing the MACD green and strengthening
The 12 EMA just crossed over the 26 EMA
Resistance:
20.53
20.80
21.29
21.99
Support:
18.81
18.83
17.59
17.13
Breakup Zone: 20.80-21
Breakdown Zone: 18.83-18.50
Currently at 20.29
