Short Ftse Mib
Updated
Hi,
I shorted FtseMib at $24542. I'm reloading my short at this level $24225.
My Final targets at $21225 & $20250.
SL at $25200
Reasons: ECB raising rates, recession incoming: less production and less consumptions --> lower dividends.
FTSEMIB had a rally recently, that it's not driven by FA. So, I'm expecting a correction during the first semester of 2023.
In Addition, Italy will be the most exposed country to recession in the Euro zone. (recent IMF and ECB analysis claims).
I shorted FtseMib at $24542. I'm reloading my short at this level $24225.
My Final targets at $21225 & $20250.
SL at $25200
Reasons: ECB raising rates, recession incoming: less production and less consumptions --> lower dividends.
FTSEMIB had a rally recently, that it's not driven by FA. So, I'm expecting a correction during the first semester of 2023.
In Addition, Italy will be the most exposed country to recession in the Euro zone. (recent IMF and ECB analysis claims).
Note
Still into the short with the same SLTrade active
Moved SL to $25555Note
Updated Idea:
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