Graphic signals on shares of the Ftse Mib-proiezionidiborsa.it

The correction that had already been signaled and anticipated in recent days by our proprietary oscillators begins. Where will it take you? Tomorrow will give more precise and almost definitive indications on price and time targets. For the moment, it is noted that a bearish signal has formed from a multiday perspective. Tomorrow this may or may not be denied. We’ll see what happens. Ftse Mib: reduction on ENEL, ENI, Intesa Sanpaolo and Unicredit? Upside up?

How an analysis strategy should be developed

When a movement begins, both price and time objectives can be hypothesized through statistical calculations. However, for intellectual honesty these are mere mental exercises. Often, indeed very often, our predictions have been hit almost to the thousandth. Attention, we must always remark that they must always be monitored step by step by analyzing the points of support and resistance, and the relative points of reversal.

However, we believe that a long-term bottom was marked between October and December of last year on all international equity markets. This means that the current movement will probably prove to be a preparatory retracement for new increases.

Ftse Mib: reduction on ENEL, ENI, Intesa Sanpaolo and Unicredit? Upside up?

Red mark almost everywhere. We have only seen increases in some shares: the small cap Immsi, Brunello Cucinelli, Leonardo, Unicredit among the largest capitalizations.

Among these Brunello Cucinelli And Unicredit are overbought and have bearish divergences on the oscillators. immsi and Leonardo could be at the start of a rail trend. A warning for Immsi, today it has traded volumes of at least 7 times the average, but it usually trades 200/300 thousand pieces a day. The last price was at 0.436 after having rocked 0.4595 during the day. First resistance at 0.4790. Between October 2020 and March 2022, a long-term recovery double bottom appears to have formed. From a graphical point of view, the first resistance is placed at 0.4790 and when exceeded it is held in the 0.588 area, therefore 0.81 as the target of the double minimum.

Roberto Colaninno Immsi

Roberto Colaninno Immsi-proiezionidiborsa.it

4 shares that could now go down from a graphical point of view and according to the criteria of classic technical analysis

IT IS IN THElast price at 5.657. Only a weekly close below 5.50 would increase the odds of a retracement to 5.34/5.15 then 4.97.

ENIlast price at 14.254. Only a weekly close below 13.836 would increase the odds of a retracement to 12.79 and break and hold and then 10.80 (target of a double top that appears to have formed).

ENI petrol station

ENI petrol station-proiezionidiborsa.it

Intesa Sanpaololast price at 2.2230. Only a weekly close below 2.2195 would increase the odds of a retracement to 1.99 then 1.87.

Unicreditlast price at 14.62. Only a weekly close below 14.31 would increase the odds of a retracement to 13.20 then 12.31.

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