Positive Closing: Well-planned and executed trade generated profPirelli is an Italian stock and the company is a producer of different type of product especially tire for all ty of vehicle.
Recently start a bull trend that brings the stock price, to rise from its minimum of 3.278 to 4.721 bringing a rise of 44.49%. I got my signal and entered just in time to take some profit. Now the price reaches an area between the levels 4.789 and 4.619.
Now it seems is entering a phase of accumulation, that can bring a new bull impulse, now the moving average of 50-period crosses above the moving average of 200 periods, and is a bull run signal, let's see In the coming weeks. My new next level is a 5.272.
In a period of a possible recession, we need to be careful and be aware of any possible change of direction, so having a portfolio diversified, and doing diligence our work, will help us to protect our portfolio. This trade you can see it on my profile in etoro.
