It was October 8th when on these pages we explained why the market decline could have ended, and today we can only continue to confirm this view.
Our Piazza Affari continued to show more relative strength, which continues to prove itself as the ideal place to invest in a slight overweight compared to the global asset allocation.
However, tomorrow is decisive because if the trading day of the Ftse Mib Future closes above the level of 25.930, the bearish phase has most likely ended.
Ftse Mib Future. If from today there is no return to the upside, the risk of decreases by another 7/10% in the next 30 calendar days could become very high.
The formation of this swing would most likely trigger a bullish directional phase that could bring our share price even up to 28,200 or even 30,000 points for / by December. What opportunities can be seized from now on? There are 3 Piazza Affari titles on which to continue betting until Christmas
What are and what are the levels to monitor?
Our Research Department has selected Intesa Sanpaolo (MIL: ISP), Saipem and Stellantis.
3 Piazza Affari titles to keep betting on until Christmas
Intesa Sanpaolo, last price at 2.5235. Until we see a weekly close below 2.4015, prices could rise in a few weeks towards the 2.65 / 2.84 area, if not 3.10. In the short term, a daily close below 2.4860 is dangerous.
Saipem, last price at 2.19. Until there is a weekly close below 2.017, prices could rise in a few weeks towards the area of 2.498 and then 2.716. In the short term, a daily close below 2.133 is dangerous.
Stellantis, last price at 17.028. Until there is a weekly close below 16.50, prices could rise in a few weeks towards the area of 18.738n and then 21.50 / 22.75. In the short term, a daily close below 16,812 is dangerous.
(We remind you to carefully read the warnings regarding this article, which can be consulted WHO”)