Who's gonna win the match?(***DISCLAIMER: I'm not a professional trader, this is not financial advise, you shouldn't make any trade based on this idea***)
Hello everyone!
It seems like JUVE broke out of a triangle formation and could easily reach its previous ATH, around 1.80€ range, if it's going
to win tomorrow's match against AJAX FC.
On the fundamental side sentiment (and expectations) are pretty high, especially after Juventus FC last game,
as it is one of the favourite UCL teams.
Let's see how this will play out!
Expect a Downturn in EM If you Expect a Downturn in the USIts not quite a great idea to invest in EM if one is expecting a downturn as EM will be significantly hit from drying up liquidity via outward capital flows and lower investment. Happened in 2008 with the liquidity crisis and again in 2011 with the EU sovereign debt crisis. We can see this relationship between developed markets and emerging markets through a correlation coefficient between the S&P 500 and the most liquid emerging markets ETF in the world EM. Moreover, EM is vulnerable to a Chinese financial crisis as well if the Chinese can't figure out how to lower their debt levels which they really havn't yet. Either way, I would avoid EM at these price levels.
Double top formationPossible double top formation for Campari stock.
Considering that the actual global economy is slowing down and that the Italian stock market is actually in a bear market (the FTSE MIB Index is actually -24% YTD) a price decline could happen.
Considering the foundamentals of the company if the price will go down i will look for an entry point since the company is solid.
MONDADORI LONG TIME OPERATION LONGMondadori has designed a clear rounding bottom. The prices are now on the 200 weekly SMA (Red area) and after a pull back on the SMA (over there has been a gate to enter) the prices are sustained from the SMA. LONG for a LONG TERM OPERATION until the prices are sustained from the SMA.