This is a simple trend following setup! The trendline gives us enough resistance, that the market should make at least another downmove!
MM50>MM200 entrambe positive. Supertrend, Stc e Trix negativi. Rsi negativo. Tr3 blu (v. negativo) Short < 17
MM50>MM200 entrambe positive. Supertrend, Stc e Trix negativi. Rsi negativo. Tr3 blu negativo. Short < 17
Ferragamo is completing a flat top ascending triangle which is a super-bullish pattern. After dropping 40% since May, in these days we are touching the upward trendline. Here we touched three times since 2012, which is a sign of strongness. RSI is also in the underbought zone. A closure over 20MA and 0.786 fibo is a SUPER BUY! The above references an...
Prezzo dentro un evidente canale ribassista. Il prezzo sta facendo minimi e massimi decrescenti. Già qui in area 22,50/22,75 potrebbe ripartire al ribasso perché sembra essere una zona di resistenza che in passato ha funzionato bene.
Wait for 24.05 to enter in a good trade in Ferragamo CHXEUR:SFERM
The last movement has confirmed a breakout of a congestion zone. I will wait for more pullback to 21.35 euros to actívate a long trade.