Buzzi: sellers back in charge
Buzzi drops 4.7% as sellers retake control of the decline
Buzzi: sellers back in charge
Our view last week
Buzzi shares fall back: after last week's rebound, when the MACD histogram turned positive, the stock dropped 3.1% and sellers took back control. The weekly RSI slides to its low for the past four weeks, but the signals stay weak, volume contracting and candle-body conviction fading. The double bottom in the 43 area still holds, while the short sits close to breakeven, at -1.67%.
This week's summary
Buzzi falls back hard: after last week's rebound, when the MACD histogram turned positive, the stock drops 4.7% and sellers retake firm control, with 75% of trading concentrated on the sell side. The weekly RSI slides to a fresh low, in the 41 area, and money flow turns worse again. The double bottom in the 42 area still holds, but the picture stays bearish: the short climbs to 3.11% profit.
IQS Phase
64
ordinary
Signal Strength
76
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#4 / 53
EU-UK stocks
Trade P&L %
+3.11%
from signal to today
restricted Platinum content