Dove they are direct the stock markets? Today our outlook will be different and starts from the assumption that often there is no direct correlation between a benchmark and all its components. One or the other, in fact, can follow paths that are sometimes the same, sometimes different. Today, regardless of our view on the stock index, we are going to indicate and study 5 Piazza Affari stocks that could have marked a bottom for the next 10 years
If we take any time frame of a commodity, cryptocurrency, stock index, stock or currency, we realize that prices always form a minimum and a maximum. From whatever perspective a financial instrument is studied, it always tends to form a minimum and a maximum. Hence, being able to buy close to a low and sell close to a high could be a winning trading strategy.
It’s possible to do it? The answer is yes and just follow a few basic rules.
When a minimum is formed on the time frame, it is necessary to look for the confirmation point of the next bullish reversal. When a high is formed, the next point of the bearish reversal. Nothing else needs to be done and it is not difficult.
Here are 5 Piazza Affari stocks that could have marked a bottom for the next 10 years
We have already written about some of them in recent weeks, almost close to the bottoms that have been forming from time to time. They are Intesa Sanpaolo, Saipem, Saras, Tenaris, Unicredit.
Intesa Sanpaolo, last price 1.8178. In the month of March of this year the minimum was recorded at 1.3078. As long as it holds 1.414 and if the November close is above 1.6896, the stock may have hit the lows of the next 10 years. Subsequent confirmation, a monthly and then quarterly close above 1.9340.
Saipem, last price 1.8530. In the month of October of this year the low was recorded at 1.2710. As long as it holds 1.4745 and if the November close is above 1.6080, the stock could have hit the lows of the next 10 years. Subsequent confirmation, a monthly and then quarterly closing higher than 2.747.
Saras, last price 0.5020. In the month of October of this year the low was recorded at 0.4120. As long as it holds 0.4216 and if the November close is above 0.5250, the stock could have hit the lows of the next 10 years. Subsequent confirmation, a monthly and then quarterly close above 0.7115.
Tenaris, last price 5,726. In the month of October this year the low was recorded at 3.762. As long as it holds 4.04 and if the November close is higher than 4.531, the stock may have hit the lows of the next 10 years. Subsequent confirmation, a monthly and then quarterly closing above 5,992.
Unicredit, last price 8.112. In the month of May of this year the minimum was recorded at 6,012. As long as it holds 6.364 and if the November close is above 7.598, the stock may have hit the lows of the next 10 years. Subsequent confirmation, a monthly and then quarterly closing higher than 9,414.
S will proceed step by step to appear at these prices or whoever has done so at lower levels, it could perhaps be a bargain to keep them for the next 10 years. Time will prove right or not. Be careful to respect the indicated stop losses.
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