Rifle Motorcycle Exhaust

Banca pop. Milano balza in avanti oltre il 4%. Target a breve in area 3,20/30

(click to enlarge)

(click to enlarge)

Bank pop. Milan has made a strong pull upward in January, rising above the descending trendline dynamic medium term, which started from the maxima in January 2010. Prices have also met strong resistance in the 3.20 area, and have turned up at 2.82 doing a movement of return the dynamic resistance (clearly visible on the weekly chart). I share prices today with interesting volumes and recover the threshold of € 3.00. The MACD is back in positive territory and above the trigger line, after having shown a bullish divergence between December and January. The title is not far from the lows of the last 15 years, and could be close to a reversal of long-term trend. A first important signal of that arrive with the breakout of the 3,20 / 30, which would open up space for a length up to 4.20 (intermediate 3.80), then 4.80 €. Only the return of scores below 2.50 would be interpreted as a negative signal would fade permanently reverse the trend. Operations can be open long positions on the title with a view to short with stop loss below target in the range 2.80 and 3.20 / 30. In a time can accumulate larger positions on weakness with a stop loss to be fixed in 2.50, increasing positions in the portfolio above 3.30, with targets at 3.80 and 4.20.