Short term view - ATLANTIA SPA : Pull-back over
Our previous opinion was neutral.We turn negative with a target at 19,13 € and an invalidation level at 20,28 €.
The bearish trend is powerful.
Arguments :
- The major support has been breached.
- Prices have pulled back to the resistance level (previously a support). The...
Atlantia is a holding company with subsidiaries and associates whose business is the construction and operation of motorways, airports and transport infrastructure, parking areas and intermodal systems, or who engage in activities related to the management of motorway or airport traffic.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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