Hello all, today I would like to share this analysis about the FTSE MIB index. A like would be appreciated; now, let me describe my strategy. 1. The horizontal line at the bottom seems to form a good support: it was touched several times in the last 20 years, but it hasn't been surpassed by any bar. Unfortunately, the "First resistance" line kept the index low...
The stock ENEL is in oversold situation, i'm taking here some LONG position to first and second target ( eventually)
Hello, in the coming days the market will probably focus on Draghi and his possible PM position in Italy. Theoretically, it has a chance to be positively received by the market (at least in the short term). The single currency vs the Australian has a chance to return towards 1.60 and above. Long on pullback to the region of 1.5650 Stop below 1.5575 Target 1:...
A quick screen of the COVD-19 situation in the Western European countries of Great Britain, France, Germany and Italy shows that all have had a spike in recent months. The MACD histograms actually decipher the rate of acceleration of the spike in cases. Hence, the MACD histograms really need to go below zero to get a deceleration in the number of COVID-19...
📍 This diagram comes after the conversation with @lu1977hk, and is no more imaginative than the positional flows across the global equity board. In Italian Equities the initial offensive targets for sellers come in at 18,466; 17,643 and 16,819 from a "fibs perspective". The connection of further downside in European and Global Equities is more or less the same...
FTSE MIB continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 17,000. If prices crosses up 20,400, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE MIB seems to be tracing intermediate wave (C ) up that will complete primary wave 2. Most probable target before the trend is reversed lyes in the range 20,350 - 21,200. A move below 17,600 would indicate the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
I expect 10yr Italian Govt Bonds Yields to slowly drop toward area 1,05/1,13 thanks to the purchase program of ECB. They shall not skyrocket again until next government crisis, or Covid return, or major problems of the EU.
EURUSD has been trading in relatively tight range - this range will be resolved as dollar direction after this crisis becomes clear. Expect 1.05-1.15 to be neutral with a break sub 1.05 indicating parity if not break sub 1. Trigger will be the situation in Italy and the support (or lack thereof) by the EU.
The latest news from Germany and France " federalisation of the debt " - a prerequisite for survival of the euro. The trigger for Alexander Hamilton in 1790 was Britain, for Angela Merkel its Coronavirus. So we are gradually getting round to what is an important component in the process of formation in the currency. Like a trojan horse, Eurobonds are being...
The market divergence between European and American stocks just let me think that some countries in Europe will underperform. Besides I just identify a selling signal in Italian stock market and even if it is not the case, the timing seems to be perfect.
L'analyse technique de l'indice boursier italien permet de mettre en avant plusieurs éléments baissiers concordants qui augmente la probabilité d'un baisse future ou du moins d'un timing parfait pour un scénario de baisse. TVC:FTMIB
In the short term, the ECB can still fight against the capital flight from Italy government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, if 3,00 and later 3,85 falls, everything is done and dusted - the trader world will see that too. Look at RSI on...
Some pull back may happen in the next few months but the index is ready to reverse to the mean, and align itself to the other global indexes. Enjoy if you dare!
The Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. FOLLOW...
As the Coronavirus continues to spread throughout the globe without any cure or treatment, researchers have been left with nothing but data to help predict and counter the disease. This being a novel virus, even our data sets are tremendously lacking. We must make do with what we have, and 4 months into this global pandemic it seems that Italy has been taking the...
First signs of declining growth (divergence from implied exponential growth curve confirmed cases). This indicates deceleration.