Currently in a descending channel on a daily chart. Looking at a bigger picture we could be getting to good potential buy areas. If you'd like a confirmation look for a breakout of current descending channel. Areas marked to look out for.
STM
Has been adhering wildly well inside the regression channels. I would put an entry around 40.12 or 38% retrace and set a target around D or 52, for a return of 29.6%. 38% retrace is at the top of the red cloud, and at a volume base. This target entry may not be reached, should we see a bounce off the 52 week EMA. However, I see considerable weakness in...
(3/1000)
Bullish Cup'n Handle for STM on the Weekly chart.
Not confirmed.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Descending volume during formation
Cons:
1- Figure is not confirmed
2- No break out yet
3- ATR flat
If confirmed, target price is...
EURONEXT:STM
Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to...
Prysmian is a leading Italian company with headquarters in Milan, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres.
Market that is close to breaking the highs, given the fundamentals and the sector, we can expect a continuation of the medium / long-term uptrend with a target of € 50.
