long piaggio - MID CAP (ITALY)
we can see a bottom area and we can
try to make a trade long with a stop under 1,36 €
good break out of a bearish trend line
stock crosses over 200 moving average
stock has a good r/r as in the las 17 months it lost almost 50%
GOOD POC AREA AROUND 1,40-1,60
try to make a trade long with a stop under 1,36 €
good break out of a bearish trend line
stock crosses over 200 moving average
stock has a good r/r as in the las 17 months it lost almost 50%
GOOD POC AREA AROUND 1,40-1,60
Note
good news from china, Piaggio continues to rise.Note
trade closed with mor 50% gain!!!! I think price is near to real fair value of stock.PRICE COULD RISE MORE BUT I THINK THIS IS A GOOD POINT TO EXIT.
WE RECOVER LIQUIDITY FOR OTHERS TRADE WITH GREAT RISK REWARD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.