#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
LONG Intesa Sanpaolo (ISP)LONG Intesa Sanpaolo (ISP)
Cerchiamo di entrare in acquisto (LONG) con la 1° metà della nostra posizione standard ad un prezzo non più alto di 2,230 euro e con la 2° metà in area 2,16-2,15 euro circa.
Stop Loss tassativo su tutta la posizione sotto 2,112 euro (ovvero prezzo last <= 2,110 euro).
Take Profit in area 2,36-2,38 euro circa
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SHORT SIGNAL: A2AM MILAN ITALY STOCKTry to go SHORT in area 1,255-1,260 EURO.
Stop Loss > 1,274 euro (last >= 1,275 euro).
Take Profit about 1,190 euro.
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INTESA SANPAOLO (ISP)Check carefully the support line placed in 2.19 euro area; if it will to break through, the short- term goal it is positioned at 1.95 euro .
UNICREDIT UCGThe level of 2.80 Euro represents an important support in the medium term; if fall below that level, the first target is positioned in area 2.30 Euro, then 2.00 euro.
Bpem break out
The RSI shows how much the stock has been oversold. The title in the last few day showed strength and i think that, if it breaks the 5.21 level, it could have the necessary push to have a fast hike, until 6 euro. Pay attention, the banking sector is very volatile in Italy now, not like American's titles maybe, but it is more than in the past. I've also noticed that the Ftse mib is pulled by banks now, so if you see the ftse positive it is at 90% because of them.
