Short term view - UNIPOL : The moving average is capping prices.
The previous low has been broken, the bearish trend is confirmed. The next target is at €3.080. The invalidation level is above €3.830.Arguments :
- The support has been breached.
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
- The bearish gap opened as prices break out of the pattern announces a fall.
Unipol Gruppo is an investment holding and services company. Co. provides a range of insurance and financial products, and engaged in supplementary social security and health sectors. Co.'s core business is in the banking sector, real estate sector and diversified activities that extend to the hotel, health and agricultural industries.
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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