If you are looking for shorting opportunities on FTSE MIB sell the breakout. If the price breaks the black downward trendline with a strong impulse to the upside this setup is over. Bullish divergence on daily, more upside is possible.
MIB shows signs of a downtrend (again). Around 17300 we expect a rezistance with higher volatility due to BREXIT.
MIB is mainly driven by low-quality titles from the bank sector.
We expect reaction to the downside with quite interesting RRR of almost 3.
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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
... "when they tell you that the Spread with Germany is at its lowest ever not believe... this is the only one that is important"...
01/01/2002 - 01/08/2009 : Spread vs DAX FTSE MIB lows . Divergence contained
01/08/2009 - 01/12/2014: BOOM BREAKS Spread between DAX and FTSE MIB . After 2000 days DAX " Overperforming " FTSE MIB approximately 130% since 2002 ( euro...