Salvatore FerragamoThe last movement has confirmed a breakout of a congestion zone. I will wait for more pullback to 21.35 euros to actívate a long trade.
ISPM (INTESA SANPAOLO) LONG LONG POSITION
ENTRY POINT: 1° tranche <= 1,970
STOP LOSS <= 1,852
TAKE PROFIT: follow our updates and sign in www.tradingbusiness.it
Unicredit break trendlineUnicredit broke trendline at 2.30 area. Good RR for a long trade towards 2.8
new: 1° Long MEDIOBANCA (MB)!TIPO: LONG
ENTRY POINT: mezza tranche = non più alto di 6,880 euro
STOP LOSS <= 6,590 euro
1° TAKE PROFIT: 7,300-7,400 euro circa
#UNICREDIT - NEXT EUROPEAN BANK WITH A BREAKOUTUnicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77
I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks outperformance. Fundamentals continue to look awful, however there are a few tailwinds from:
- bank CEO acknowledging structural weaknesses (DBK CEO y'day)
- serious consolidation talks
- FED rate hikes
Maire Tecnimont [MT] - Making a tringle?Hi guys,
trend making a tringle, in the same time volume is decreasing..if trend breaks up with a confirm maybe trends go up.
What do you think? Share your point of view.
ENIM - ENI SPA GOING FOR MORE DOWNSIDE?ENI seems in a downtrend continuation into a descending channel. I'm expecting one more test on lower channel before a possible breakout to the upside. Now the price is breaking the rising correction with a bearish divergence.
Long PositionTIPO: LONG
ENTRY POINT: 1° tranche = non più alto di 2,19 euro
2° ENTRY POINT: 2° tranche = 2,100-2,080 euro
STOP LOSS <= 2,034 euro
TAKE PROFIT: follow us on www.trafingbusiness.it for updates
Long signal on RCSM (RCS MEDIAGROUP)To read the signal, please sign in www.tradingbusiness.it
TIPO: LONG
ENTRY POINT: about 0,7945
STOP LOSS <= 0,7310
TAKE PROFIT: 0,9350-0,9500
ENIENI is breaking out of a triangle. The 50 day moving average is about to cross in a bullish manner the 200 day moving average.
Short signal on UCGM or UCG UNICREDIT SIGNA TYPE: SHORT
ENTRY POINT: 1° tranche = 2,640-2,610 euro
2° ENTRY POINT: 2° tranche = 2,740-2,710 euro
STOP LOSS >= 2,916 euro
TAKE PROFIT 2,250-2,200 euro
