Italian "public companies" at crossroads An (equal weight) basket of Unicredit, Intesa, Enel, Eni, Telecom, Poste Italiane, Leonardo ha collapsed to the lowest levels in years.
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About UniCredito Spa
Sector
Finance
Industry
Major Banks
CEO
Andrea Orcel
Website
unicreditgroup.eu
Headquarters
Milan
Employees
82.995K
Founded
1870
ISIN
US9046784065
UniCredit SpA engages in the provision of banking and financial solutions. It operates through the following geographical segments: Italy, Germany, Central Europe (including Austria, Czech Republic and Slovakia, Hungary, Slovenia), Eastern Europe (including Bosnia and Herzegovina, Bulgaria, Croatia, Romania, Serbia, Russia). The company was founded in 1870 and is headquartered in Milan, Italy.
UCG Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
T
UniCredit in a Bitcoin like decending triangel.Unlike the antifragile Bitcoin the fragile global big bank of Italy UniCredit is trading in a decending tiangle. Will the monthly 9 on the TD save it or will it go to its DOOM? Europe in deep crisis?
Unicredit resistance zoneAs you can see, this area is a resistance zone.
You may want to wait with your purchase or take a profit.
Possible bearish week for UNICREDIT Possible bearish week once the price tests the upper line of the triangular formation. Risky trade given that we are almost at the end of the formation, it could be unstable so I recommend using a very tight stop loss
6000 employees cut from UnicreditAnother bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service.
UniCredit joins other large European banks s
Sell: it's retesting the 12.800 resistanceThe 12.800 has being retested and with very little volumes going to that direction.
There's the potential for a sell-off. The ratio reward/risk it's pretty high since we are close to 12.800 and a good stop loss would be 12.900 - 13.000, while it could go down for much more.
UNICREDIT SHORTIt hink it is a done 5 waves grows so let's see what happend. Maybe it will be done A-B-C correction.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
