Azimut stock price chart on a monthly scale provides a clear view of the structural price range channel. The stock price has drifted well below the middle line and breaking all support, with a clear SELL SIGNAL where the stock price has drifted below the IKH A/B cloud. The repricing of AZIMUT stock will see AZIMUT pummelled down by -27.5% to €12 euro stock price.
The technical figure Triangle can be found in the Italian company Azimut Holding (AZM.mi) at daily chart. Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the United States....
I have a strong bullish vision on Azimut, the company is doing quite well in the last years.
I believe the last leg down is mainly due to the italian election and the rise of populist parties. Not a specific problem with the company.
Recently the main shareholders have managed to secure the control of the company buying more shares in the downturn.
The company...
Really big short float, but I saw financials, and I have to say fundament is not really bad...Valuation, no debt, sector is also still atractive...We will see. goo.gl
