#UNICREDIT - NEXT EUROPEAN BANK WITH A BREAKOUTUnicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77
I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks outperformance. Fundamentals continue to look awful, however there are a few tailwinds from:
- bank CEO acknowledging structural weakness
LONG Intesa Sanpaolo (ISP)LONG Intesa Sanpaolo (ISP)
Cerchiamo di entrare in acquisto (LONG) con la 1° metà della nostra posizione standard ad un prezzo non più alto di 2,230 euro e con la 2° metà in area 2,16-2,15 euro circa.
Stop Loss tassativo su tutta la posizione sotto 2,112 euro (ovvero prezzo last <= 2,110 euro).
Take Profit in area 2,36-2,38 euro circa
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