Unicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77
I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks...
A smooth sell opportunity with Unicredit Spa. Bollinger Bands are widening out, giving a clear signal for a short. Geopolitical tension is now favoring bears. As a general warning, it would a very bad idea to open long trades on major stocks with an investing eye. Longs should be done only for speculation and possibly intraday. I expect a huge crack worlwide. It...
Unlike the antifragile Bitcoin the fragile global big bank of Italy UniCredit is trading in a decending tiangle. Will the monthly 9 on the TD save it or will it go to its DOOM? Europe in deep crisis?
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💡 UCG technically based idea, we can see price is bounce from top trend line, technically indicators showing we can expect higher...
Possible bearish week once the price tests the upper line of the triangular formation. Risky trade given that we are almost at the end of the formation, it could be unstable so I recommend using a very tight stop loss
Another bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service.
UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to...
