3 shares of the Ftse Mib that closed lower on Friday but could now also fly-proiezionidiborsa.it
The Ftse Mib continues to show relative strength and now it could even surprise despite many oscillators being overbought. However, the interesting aspect at the same time is that from time to time these intraday slides “tend to dispose of the excesses and recharge the batteries” for new increases. Our current index/futures pattern is bullish, and we are closely watching 3 Ftse Mib stocks that closed lower on Friday but may now be flying.
The technical picture of Piazza Affari
The candle that formed on Friday on Ftse Mib Future should be noted for two reasons:
- the signal was bullish, but usually when an index starts down and then closes green, this pattern forms on the lows, instead it formed on the highs;
- Friday’s low is the watershed between upward acceleration and downward acceleration. Woe to you if Monday started with a gap down!
After having made this dutiful clarification, and therefore having underlined the importance of February 20th, we can now analyze 3 really interesting actions for the next few days:
Amplifon, Italgas and TOD’S.
3 shares of the Ftse Mib which closed down on Friday but which could now also fly
amplifier, last price at € 27.40. It closed the last trading session down by 2.70%. Stocks recently leaned to the average at 200 daily but they failed to break the level upwards, indeed on Friday they generated a bearish signal on this time frame. On the weekly time frame, the graphic situation is the opposite. The averages at 200, 400 and 600 are sloping upwards with speed rising. What does this mean?
That a lasting bearish phase will hardly start, but in the worst case scenario it could be lateralised. Thus, a bullish burst of momentum and a strong acceleration in prices could be very close.
The short-term support is placed in the €26.58 area.
Italgas, last price at €5.435. It closed the last trading session down by 1.18%. Stocks recently leaned to the average to 200 weekly. It has taken a positive slope in the last week, and could lead to a bullish directional phase within a couple of weeks.
The short-term support is located in the €5.32 area.
TOD’S, last price at €36. It closed the last trading session down by 1.37%. The shares don’t have a good graphic layout for the very short term, but if you look closely at the weekly structure, you could expect an acceleration in prices right away. The 200-week average passes in the €36.994 area which, if broken upwards, could cause prices to accelerate in a few weeks towards the weekly 400 which passes in the €41 area.
The short-term support is located in the €34.40 area.
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