Wednesday 27 December was a mixed day on the Italian stock market which attempted a recovery but remained below a solid resistance area.
Il Ftse Mib future (expires March 2024) rose towards 30,700 points before experiencing a rapid intraday correction. The short-term technical situation remains constructive even if, before being able to attempt a further leap forward, a lateral phase of consolidation is likely. On the upside, in fact, only the breakout of 30,800 could provide a new directional bullish signal.
It is difficult for now to hypothesize a bearish trend reversal: a possible correction will find a first support close to 30,180, a second support in the 29,970-29,950 area and a third support at 29,780-29,760 points.
Intraday operating strategy for Thursday 28 December (future March 2024). Short only on rebound towards 30,790 with targets at 30,700 first, then at 30,640 and in the 30,580-30,570 area at a later time. Stop at 30,860. (All rights reserved)
Gianluca Defendi
Posting time: 28/12/2023 08:15
Last update: 28/12/2023 08:35
2023-12-28 07:35:54
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