Mediolanum SpA : Back to EUR 4.7
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€4.34 | €0 | €4.11 | -100% |
Technical patterns are in the green: prices are up for several months. The reversal should continue in the coming trading sessions. The 20-day moving average should help to reach the EUR 4.7 mid-term resistance.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the EUR 4.71 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the EUR 4.26 short term, threshold that would invalidate this trading strategy.