FinecoBank (FBK.mi) bullish scenario:The technical figure Falling Wedge can be found in the Italian company FinecoBank S.p.A. (FBK.mi) at daily chart. FinecoBank S.p.A., known as FinecoBank or just Fineco is an Italian bank that specializes in online brokerage. Launched in 1999 with its Fineco Online service for retail traders, Fineco became a listed company in 2014 and has been independent from UniCredit banking group since 2019. FinecoBank is a constituent of FTSE MIB (since 2016), the blue chip index of the Borsa Italiana. Since 2015 it has over a million customers in Italy, where its role has been compared to that of Schwab in USA. The Falling Wedge has broken through the resistance line on 10/02/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 35 days towards 16.550 EUR. Your stop loss order according to experts should be placed at 14.280 EUR if you decide to enter this position.
Italy's FinecoBank said its full-year net profit hit a record 349.2 million euros ($399 million) driven by stronger net commissions, lifting its shares on Wednesday. The bank proposed a dividend of 0.39 euro per share. FinecoBank said in a slide presentation it expects 2022 net financial income - the net interest income and profit from treasury management - to at least match 2021, when it was 280 million euros.
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