Fiat Chrysler #FCA long bias. Long term buy setup at monthly demand zone around 6.22 or longs at new areas of demand. After a very strong rally in price, price usually creates a bigger retracement down to valid areas of demand. This is a long term buy setup at a big timeframe area of demand.
We have no doubts anymore. Fiat is a short.
1st: Double top
2nd: Increased huge volumes at top
3rd: Starting moving downwards.
4rd: Stocastic divergence
First natural target at 8.50
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This is only a trading capability - no recommendation !!!
While 1st quarter`17 maybe i`ll confirm or change my opinion :)
Buying/Selling or even only watching is always your own responsibility ...