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ENI S.P.A.ENI S.P.A.ENI S.P.A.

ENI S.P.A.

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ENI trade ideas

OIl and ENI: Spread OpportunityGood opportunity on the Italian Market to be exploited with a spread trade. Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities. My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses). Investing Fellow Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
MIL:ENI
by Investing_Fellow
Bullish Oil Futures = Energy Companies #10 (E)Deep pullback but is more safe buy now because the bad has happened In Feb 5, 2018 Dow drops 1,175 points the biggest point drop In history and historically after big falls like the Black Monday October 19, 1987 Remember that after the shock, strong hands buy stocks. About the resistance line: Resistance Line is an (Area, Zone, Sector) Between 31.90 to 34.70 or something not exact. In this chart in particular, is because is a foreign company, but the stock have enough liquidity, exactly the Avg-Volume is 212,531 Other aspect with the resistance line in this chart is because this is a foreign company and there tend to be constant intraday gaps during a week, But at the end this stock is liquid Again I repeat the Avg-Volume is 212,531
NYSE:ELong
by Alex_Quiroga