Hi Guys,
A nice long opportunity on Telecom Italia.
Title has broken the descending trend line.
Detected a bullish divergence on MACD.
Thank you Guys,
Simone
Hi friends
the daily chart of this market shows that it will experience a downtrend in the coming days with a high probability but at the same time you have to be vigilant of the change from the direction to the opposite
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Trading Plan for Friday, April 5th, 2024
Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial.
Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry...
FUNDAMENTAL
Very good fundamental results. Net debt to EBITDA ratio x0.99, EBITDA +35.6% increase YoY. Even though Canal+ business has Netflix and HBO as biggest competitors, Gameloft investment was a smartmove from Vivendi, as well as Lagardere. Deconsolidation of Telecom Italia damaged shareholders' attributable earnings up to -€1bn.
I still need to get...
Future EU and the US recover after China said it would abandon its quarantine requirements for incoming visitors, further easing border controls to curb COVID-19, which have lasted for three years.
China will stop requiring incoming travelers to comply with quarantine starting Jan. 8, the National Health Commission said on Monday. It will also reduce the severity...
Fresh demand allowing to go long, due to a weak level
Looking to break all time highs. once it does, we will look for a sell entry once we have confirmation of a strong supply.
If a risk off scenario occurs, go short, with another opportunity to long again. we have a very strong level to buy from.
Coronavirus effect - meaning the previous high needed a fresh...
