Market analysis of DANIELI & CThis analysis based on the breakout of the trending range.
Once the Market break this triangle, We can make a profit at 18.52
DAN trade ideas
DANIELI & C OFFICINE MECCANICHE S.P.A. (DAN) Still BullishAs mentioned in the previous chart of DAN before, the share price was about to hike to €23.50. We have not reached that price yet, however it seems the share price is in a hurry to see that price. No LONG trading strategies are advised at this point as ratio risk-reward is negative. Besides, Danieli is value at €32.5 from a value point of view.
DANIELI & C OFFICINE MECCANICHE S.P.A. (DAN) DAN has been drawing a corrective pattern for 5 months. It seems the price is ready to attack previous highs (€23,50).
