GMMA bullish crossover occurred between 13.60-13.70 with MACD long crossover already in place and RSI over 50 and not too near overbought so a long position could have been opened. Also the crossover and later break of MA 200 are singals confirming up trend. Usually when I open a position after a GMMA crossover I prefer to sell 1/2 of my shares after a fixed 3,5%...
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.
Update LONG idea about the ENI ITALIAN STOCK