The Point on the Markets. Illimity shines in Milan

The Point on the Markets. Illimity shines in Milan
The Point on the Markets. Illimity shines in Milan

Operational Tips, PUBLISHED:
3 June 14:40

Estimated reading time: 3 minutes

di Financial Trend Analysis

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Phidias Saras

Piazza Affari is losing ground pending US employment data. The Ftse mib fell by 0.6%, the Ftse Italia All Share by 0.6% and the Ftse Italia Star by 0.27%.

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Piazza Affari is losing ground pending US employment data. The Ftse mib fell by 0.6%, the Ftse Italia All Share by 0.6% and the Ftse Italia Star by 0.27%.

Flash on the titles highlighted in the session of June 3:

Safilo

Safilo continues to run and tries to get closer to the 2.00 euro threshold. The road to recover what was lost between 2016 and 2018 is still long but the title is laying the foundations for a lasting recovery. Positive long-term developments beyond this limit for a target of at least € 2.50. In the opposite direction, the violation of the 1.50 supports risk of a return below 1.37 euros.

  • Target: 2,50 euro
  • Negation: 1.50 euros
  • RSI (14): overbought

Unlimited

Illimity extends towards the early 2020 records at € 11.60 leaving a gap on the graph (between € 10.75 and € 10.97) on the same levels as the one opened on February 24, 2020. The arrival at these critical levels and overbought in which the main graphic oscillators are boundless increase the chances of witnessing an invigorating pause. Only below the 10.18 area the very short-term chart picture could deteriorate, for supports at 9.50 and 8.60.

  • Target: 11,60 euro
  • Negation: € 10.18
  • RSI (14): overbought

Compensation

Fidia quickly climbs up the slope, recovering about half of what was lost from the top of February. Beyond the 2.80 area, the movement that started at the beginning of the eighth will be able to go up to 3 euros and higher up to the highs of February, aligned with the top of April 2020, at 3.55 euros. The return below € 2.40, on the other hand, risks anticipating the violation of the lows at the end of May at 2.09.

  • Target: 3,00 euro
  • Negation: 2.40 euros
  • RSI (14): neutral

Saras

Saras leaves behind the highs of February 0.74 around and shows he has the energy to reactivate the movement that started last autumn towards targets at 0.90. Below 0.70 risk instead of revisiting the supports at 0.65 / 0.66, decisive for preventing the return to the 0.60 area, a trend line that rises from the lows of last autumn.

  • Target: 0,90 euro
  • Negation: € 0.70
  • RSI (14): overbought

(CC – www.ftaonline.com)

Financial Trend Analysis (FTA Online) is a company specializing in providing financial content. The Research Department analyzes the markets as a whole, setting itself as its mission to support both the institutional and private investors category and to promptly grasp the changes in the financial markets in order to offer cutting-edge services.

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Point Markets Illimity shines Milan

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