MOTA Engil support on the 200d MA$EGL.LS #MOTAENGIL. Found support on 200d MA, but has to pass 4.12 resistance to try and get back to 4.50
M09 trade ideas
Mota Engil finishing off its second triangleRecommended by investment bank CaixaBI, is closing its sided triangle suggesting an imminent bounce towards 2.14 minimum. However, it has lately gotten out the triangle so we could also expect a retest on last August 2019 1.65€ level and then come back up again. Breaking downwards 1.65€ would mean going towards 1.50€ and losing momentum. Breaking upwards 2€ would mean the possibility of going towards 2.20€ (current Price Target issued by CaixaBI) or even 2.40€, in my opinion.
