Atlantia SpA (ATL.mi) bullish scenario:The technical figure Triangle can be found in the daily chart in the Italian company Atlantia SpA (ATL.mi). Atlantia SpA (formerly Autostrade) is an Italian holding company active in the infrastructure sector, including motorways, airport infrastructure and transport services. The group manages 9,400 km (5,800 mi) of toll motorways, Fiumicino and Ciampino airports in Italy and the three airstrips of Nice, Cannes-Mandelieu and Saint Tropez in France with more than 60 million passengers a year. It is listed on the Borsa Italiana and is a constituent of the FTSE MIB index. The Triangle broke through the resistance line on 02/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 7 days towards 22.810 EUR. Your stop-loss order, according to experts, should be placed at 22.520 EUR if you decide to enter this position.
Atlantia's long-term investors, Singapore sovereign fund GIC and Italian banking foundation CRT, have tendered their shares in the takeover offer launched by the Benettons and U.S. investment fund Blackstone. CRT and GIC own 4.5% and 8.3%, respectively, in the infrastructure group. Benettons' holding company Edizione controls Atlantia with a 33% stake.
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Airports
UAL's going for 77k USDUAL is in a channel up, going for the 77k USD
My biggest concern is the new covid delta variant, however pfizer vaccination used in the states seems to be working well.
Price rise as volatility drops?Hi. The Volatility of the Symbol MAGS has for the first time since the turn of the year lowered from a high level down to a center level.
At the same time the MACD is currently crossing its signal while below the MACD 0 value.
The price has also had steady highest lows since the start of the year.
It could be construed that the lowest highs since the spike at the start of February create a triangle together with its corresponding bottom line, but the top line in this triangle is not as clear or strong as its bottom.
The price is currently dancing over the MA 56 after dipping below since the start of March but as the price approaches the tip of the triangle and if the price breaks out of the triangle top line it will also stay above the MA more consistently.
The RSI is currently high, at a value of around -30, but that value is consistent with past price increases which have held a high RSI even as the price has increased over a longer period.
The example long trade shown has a TP that lies just below the high price of the 5th of February spike and a SL just below the low of the 8th of March and a buy line at the crossing of the triangles lines.
Oh, and MAGS is a company that deals with security installations at borders, airports and other sensitive installations. As passage of travelers is increasingly allowed throughout the coming year demand and interaction with systems like these will increase and be amplified by the needs of increased security screenings in both areas of transportation and governmental institutions. Just a thought.
Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you.
This does not constitute financial advice.
Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
XSPA Our patience is running out and ready for a break outFor the past 24 trading days the RSI has been trading in the 20-30 range and yesterday (9/28) is the first day it reached slightly above 40 signaling more confidence than it has in the last month. The volume traded today, Sept. 29 (2.1 million, RSI 41.51) was 3 million less than the day before, Sept. 28 (5.1 million, RSI 44.51) which I am going to assume the bulls shook out the last of the bears. The Bollinger Bands are coming to a squeeze after bouncing around for the whole month of September trading in a tunnel between $1.66-2.12. XSPA needs news... bad. Were tonight's debates about a vaccine enough to push this back above its 50 day trading average of 2.79? XSPA needs GREAT news to push this up 47% so it can begin trading above the 50 DMA, as it has been since August 6 since the last time it traded above the 50 DMA. Current support of 1.66 used to be resistance prior to the news of XSPA contract signing with JFK airport on May 22. The breakout from a bullish flag often results in a powerful move higher, usually measuring the length of the prior flag pole but first this must past resistance (R2) of 2.12. Once this has been achieved, (R3) 3.74, and (R4) 4.74 should soon follow. It is inevitable that business is picking up, people need to travel for work, people WANT a vacation AWAY from home, and airports will forever be accused of being a breeding ground for sickness and disease. There is NO reason XSPA's COVID testing/wellness concept at airports will fail unless it fails internally. Yes, I am a bag holder for now, but you cannot lose if you do not sell. I believe this is a long hold at least until after the election which brings us to holiday travel. If XSPA is operational at all major airports for holiday travelers, just maybe it can break its 52 week high of 8.82
XSPA 1D - Awaiting breakoutThis represents ~20% of my RISK ADVERSE portfolio. Cost basis @ 0.40 but have been buying since the 0.30s.
This company is currently trying to add to it's current portfolio of Spa Centers located in airport terminals (post TSA checkpoints) to become testing centers for COVID.
Current news is that there are pilot programs going on, but the only location that seems to have actually started this program is the JFK airport.
I know they are in a lot of the major airports across the country and world so there is a big opportunity for them if they play their cards right.
Once the news hits that they are testing thousands of airport employees daily (pilots, maintenance crews, TSA employees, and potentially antibody testing).
This speculative play has a big upside and low downside as this was a 2 dollar stock prior to COVID, just operating as a spa in airports that will eventually get foot traffic back.
ALSO they have been diluting to raise capital so this has been keeping the stock price down with all the selling in the market. This should end soon and remove the selling pressure.
Do your own due diligence, IMO buying around 0.50 or below, if it closes below 0.48 they are in trouble. But I believe with the hype and dilution slowing down we see it hold 0.48.
PRICE TARGET: $1.00+
All it would take is 1 Press Release saying they will be testing all the pilots and TSA members as a matter of national security or Trump mentioning testing at airports during a conference to BLAST OFF.
GOOD LUCK
DISCLAIMER: I AM NOT YOUR MONEY MANAGER, THESE ARE MY OPINIONS AND NOT SOLICITED FINANCIAL ADVICE. TRADE AT YOUR OWN RISK AND KNOW WHAT YOU OWN.
