long piaggio - MID CAP (ITALY)
Updated
we can see a bottom area and we can
try to make a trade long with a stop under 1,36 €
good break out of a bearish trend line
stock crosses over 200 moving average
stock has a good r/r as in the las 17 months it lost almost 50%
GOOD POC AREA AROUND 1,40-1,60
try to make a trade long with a stop under 1,36 €
good break out of a bearish trend line
stock crosses over 200 moving average
stock has a good r/r as in the las 17 months it lost almost 50%
GOOD POC AREA AROUND 1,40-1,60
Comment
good news from china, Piaggio continues to rise.Comment
trade closed with mor 50% gain!!!! I think price is near to real fair value of stock.PRICE COULD RISE MORE BUT I THINK THIS IS A GOOD POINT TO EXIT.
WE RECOVER LIQUIDITY FOR OTHERS TRADE WITH GREAT RISK REWARD
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