The technical situation of Stellar remains constructive. The stock, after having fallen towards the end of October to below 16.85 euros, in fact made a rapid recovery and rose above 20.20 euros. Quantitative analysis signals a clear strengthening of bullish pressure, with key directional indicators having turned long. Only the strong short-term overbought can prevent a further extension (which will have a first target in the 20.45-20.50 area and a second target at 20.75-20.80 euros) and trigger a physiological consolidation pause. Only a drop below 19.70 is dangerous as it could trigger a rapid correction towards the subsequent graphic supports positioned at 19.25-19.20 first and in the 18.90-18.80 area at a later time. It is difficult for now to hypothesize a bearish trend reversal. (All rights reserved)
Gianluca Defendi
Posting time: 05/12/2023 07:30
Last update: 05/12/2023 07:38
2023-12-05 06:30:00
#Stellantis #trend #remains #positive #MilanoFinanza #News
