Below is the interview on the Ftse Mib index and on some of the blue chips listed on Piazza Affari, with questions addressed to Roberto Scudeletti, independent trader and owner of the website www.prtrading.it.
The Ftse Mib has clashed for now with the area of 25,500: is the rebound over or is there still room to go up?
The month of July, characterized by a V-shaped trend, ie first a rapid sudden fall, followed by an equally impetuous rise, left a lower shadow in the monthly Japanese candle of the Ftse Mib (see chart).
In detail, this is a series of lower prices that the close just above the opening left behind and which could be capped in the coming month of August, with an avalanche of sales.
Therefore, in the daily chart, pay attention to the loss of the 50-period moving average at 25,235 points of Ftse Mib, with space for the 24-period average of 25,050 points and the duo average at 12 and 100 periods, around 24,905-24,840 points, with a first extension towards the 24-period weekly average at 24,635 points.
Do not exclude a lunge towards the short lows, between 24,230-24,100 and 23,817 points, the loss of which will see the average at 200 monthly periods at 23,580 points, as a bulwark, for a prompt redemption of the courses.
Conversely, above the 25.575 points of Ftse Mib we will be able to witness a new attack of the highs of the year, with intermediate resistances in the area 25.750-25.830 and only above the top at 25.927 points we will have a new bullish leg, with the first target in the area of 26.385 -26.455 just to please.
Unicredit was the best among bankers last Friday, while Intesa Sanpaolo fell. What is your view on these two titles?
Unicredit had recently been characterized by rising relative lows and maximums, a symptom of a decidedly positive trend, with correction after a bullish acceleration and failure to confirm above a full price level, with the current rebound phase.
In fact, in recent months Unicredit has seen a good recovery, with a nice rise born from the holding of 6 euros, four increasing peaks exceeded in these days, together with 10 euros, with fluctuations up to just under 10.50 euros, fired on the 11 euro not maintained, with a fast descent to touch the 9 euro and present rise with a gap up to 10.45 euro and a very short descent on the average at 50 daily periods to about 10.09 euro.
Above € 10.50, one can think of a bullish recovery for Unicredit, with supports at € 10.06 and € 9.84 and resistances at € 11.07 and 11.50.
After the last “viral” bearish shake, Intesa Sanpaolo embarked on a good uptrend, with the inevitable corrections supported by important supports until the recent corrective phase, after a relative maximum.
A rebound is now underway on an important daily resistance which, in the event of a hold, will give rise to new future declines.
Specifically, on the stability of 1.38 euros, Intesa Sanpaolo has started an excellent rise, also exceeding the psychological quota of 2 euros, with a new top at 2.4875 euros, a decrease to 2.1255 euros and current rise on the average over 50 periods daily around 2.35 euros.
A new bullish impulse for Intesa Sanpaolo will be confirmed above 2.36 euros, with supports at 2.27-2.22 euros and next resistances at 2.50 and 2.60 euros.
How do you assess the current setup of Stellantis and CNH Industrial? What strategies can you suggest for these two titles?
STELLANTIS is the protagonist of a clear and beautiful uptrend, characterized by increasing highs and lows, with recent impressive vertical acceleration (it has almost quadrupled from the pro Covid lows!) And present corrective phase, with final rebound on a daily obstacle.
In fact, Stellantis has made a fabulous bullish reversal, with a short break around 12 euros, a positive explosion just above 17.50 euros, a drop just below 15 euros and current rise towards the average 50 daily periods in the 16.40- area. € 16.19 approx.
Further positive scenarios for Stellantis will be above 16.43 euros, with supports at 15.70 and 15… 33 euros and resistances at 17.52 and 18.33 euros.
CNH Industrial has made a real bullish reversal, with a recent positive acceleration above a full price level, unfortunately not confirmed by the recent corrective phase, with the current rebound.
In fact, above € 14, CNH Industrial continued to conquer new bullish targets, albeit interspersed with corrections, up to just above € 15, with a drop to € 12.70 and a current rise towards around 14.30-14.
A new bullish point for CNH Industrial will be above 14.35 euros, with supports at 13.66 and 13.32 euros and resistances at 15.36 and 16.14 euros.
Which stocks are you following most closely in this market phase? Which ones do you recommend to look at now?
We carefully monitor: EXOR, FERRARI, HERA, LEONARDO, POSTE ITALIANE up and A2A, ENI, FINECOBANK, MONCLER, PRYSMIAN, STM down.
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”.