Last week saw the break of a bear flag. We are now resting on downtrend support. The chart looks heavy at this point.
Italian banks have major exposure to Turkey. Also, Italy threatens to drag the EU under. The Italians are not as docile as the Greeks - they do not care for whatever rules Brussels attempts to impose on them.
Thus, my next target for capital flight is Italy. My first target is the 2016 lows. Should a bounce materialize, I will be confident in shorting it. For now, I'm short from within the flag.
Italian banks have major exposure to Turkey. Also, Italy threatens to drag the EU under. The Italians are not as docile as the Greeks - they do not care for whatever rules Brussels attempts to impose on them.
Thus, my next target for capital flight is Italy. My first target is the 2016 lows. Should a bounce materialize, I will be confident in shorting it. For now, I'm short from within the flag.
Nota
Our Italian stock market short trade is progressing nicely. Our short-side target remains the 16-17.5k range.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.