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Below is the interview with Pietro Origlia with questions on the Ftse Mib index and on some of the blue chips listed on Piazza Affari.
The Ftse Mib remains trapped in a range of about 500 points: what are your expectations for the next sessions?
As we wrote a few weeks ago, on the main stock markets at least in the short term it seems that that positive sentiment, present in the last year, has lost some strength.
This is also because among investors, not only do there remain fears of a change in strategy by the various Central Banks, but fears are increasingly increasing that the “delta” variant may push some countries to implement new restrictive measures.
On the currency market, the greenback is once again appreciating, with the Euro breaking the lows of recent weeks placed in the 1.183 area to open the doors for a test on the 1.18 threshold and to follow the 1.175 threshold.
On the raw materials market, the uncertainties within OPEC +, with the clash between the Emirates and Saudi Arabia over a relaxation of the cuts, weigh on oil. with prices that look to the threshold of 70 dollars a barrel.
As for the Ftse Mib, the weakness of the financial sector is impacting the prices, with prices moving within a trading range between 25,000 and 25,500 points.
From an operational point of view it will be only with the break of these levels that the FTSE Mib would send a reliable signal.
Surely it should be emphasized that it will be of fundamental importance for our market not to lose the 25 thousand area which represents the level that for 10 years stopped the recovery of Piazza Affari.
ENI and Saipem were hit by sales, thanks to the decline in oil. A buy opportunity or is it better to stay away?
Compared to our latest updates, the view on the ENI stock does not change, which remains within a trading range positioned between 10.7 and 9.9 euros, levels at which the stock looks with drops below 10.25 euros.
A downward trend for SAIPEM which, with confirmations below the 2 euro threshold, could point towards the lows for the period close to 1.87 euro.
For signs of strength, prices should return above € 2.15.
Telecom Italia was also hit by sells yesterday, while STM moved in the opposite direction. What is your view on these two titles?
Difficult situation for TELECOM ITALIA which, after having broken the first important supports, is now looking at € 0.40, below which it will fall towards € 0.385.
To have positive signals, the stock should recover € 0.425.
Different situation for STM which with the break of 31.9 euros would continue its upward trend towards 32.5 euros and to follow the 33 euros.
How do you judge the current setup of FinecoBank and Azimut and what operational advice can you provide us for both?
Bullish trend for FINECOBANK that above € 14.85 would open the way for a return to the highs of 2021 located near € 15.40.
On the contrary, signs of weakness would come only below 14.50 euros.
As for AZIMUT, the recovery triggered by the 20 euros should continue in the direction of the annual tops located in the 21.30 euros area.
Which stocks are you following most closely in this market phase? Which ones do you recommend to look at now?
Among the interesting stocks I point out DIASORIN with the break of 161 euros and first targets of 168 euros.
To follow INTERPUMP with the overcoming of 51 euros and finally ESPRINET which with the violation of 15.2 euros targets its maximums in the 15.75 euros area.
Trend-online Deputy Director, born in 1978.
After completing his studies at the Classical High School “Antonio Calamo” of Ostuni I entered the world of economics.
For about twenty years I have been dealing with Stock Exchange and Finance. After having worked as a financial promoter for several years, in 2005 I joined the Trend-online team as an editor, to later become deputy director of the cylinder head. Among other countless activities, I take care of maintaining relationships with all the experts, analysts and traders, consulted daily by Trend-online.
My motto is? “Life is like a mirror, if you look at it smiling it will smile at you”.