Medium-Long Term NEXIA few lines and indicators to explain the potential of this asset.
The stock of the company that manages electronic payments and credit cards, has returned to the attention of investors due to rumors about a possible merger with Sia, the Milanese group of services for the banking system controlled by Cassa Depositi e Prestiti (the major Italian promotional institution for economic development through long-term investments at local, regional and national level). The Cassa Depositi e Prestiti could also play a role in the operation.
Despite the bearish market period and the uncertainties due to the covid pandemic, the technology sector, and specifically smart payments, remains a reference point for long-term investments.
A good medium-long term strategy would be to open a long position with SL at €15,61 and first TP at €20,00 (20%). A buy the deep strategy for daily and weekly traders could be an equally profitable opportunity.
