Banca Mediolanum: pause near its highs
Banca Mediolanum closes flat (0%) as the pause near its highs stretches on
Banca Mediolanum: pause near its highs
Our view last week
Banca Mediolanum eases off after last week's 4.6% jump: this week it slips 1.1%, with volume contracting and the last candle's body losing conviction, the first signs of fatigue after a long run. Price still sits boxed between the first resistance, in the 22.6 area, and the first support, in the 22.3 area, just off its all-time highs, while a rising ADX says the uptrend structure still holds. The trade is running at +20.6% from entry.
This week's summary
Banca Mediolanum closes the week flat, extending the pause that began seven days ago: the stock stays boxed between resistance in the 22.5 area and support in the 22.3 area, just off its all-time highs. The fatigue signs keep piling up — volume contracting further and, for the first time, sellers slightly ahead on the last candle — but a rising ADX says the underlying uptrend still holds. The trade is running at +20.7% from entry.
IQS Phase
58
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#8 / 61
EU-UK stocks in progress
Trade P&L %
+20.66%
from signal to today
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