The prices are making a pullback on the 200 daily SMA. The IN area in my opinion is the green box with tight stop loss due the RSI value. From the green box LONG until the prices will be on the 200 daily SMA
I guess the firm correction movement ABC is near to find a support on the weekly SMA. If we change time frame from weekly to monthly near those prices is passing the monthly SMA.
Tomorrow I'm going to enter @82,60 for a long bound as showed in the chart.
Mondadori has designed a clear rounding bottom. The prices are now on the 200 weekly SMA (Red area) and after a pull back on the SMA (over there has been a gate to enter) the prices are sustained from the SMA. LONG for a LONG TERM OPERATION until the prices are sustained from the SMA.
The configuration of the the firm is typical of an invertion process. Rounding bottom is formed, the prices broke the 200 SMA and now with the pullback and the RSI so low there is an opportunity to enter.
I am long from the green box with stop loss in case the prices will lose the level of the 200 daily SMA
The prices of the firm are supported this week from the 144 weekly SMA. The oscillator RSI is in the iper sell zone.
I took a position long til around the level of 110.
SL and TP are indicated on the chart
Very nice chart with the the Fantastic 4:
Is time to enter in the green box with stop if the prices will los the 200 SMA (red).
Rounding bottom and invertion of the trend are in act.
The prices are on the 200 weekly average (SMA) on 2.350 and forward the monthly average at 2.294. In my opinion with daily RSI at 5,8 a bound is behind the corner, so long from the blu box for a bound to the level 2.470.
From the top of the year (18,48) the stock dropped loosing more than 45%.
The pattern now is a pullback on the 200 weekly Simple Moving Avarage with the RSI near oversold.
So my strategy could be Long from 10,20$ area and stop if the prices will loose 10$.