Eni, week 12 of the sell signal
Eni: the decline holds but loses steam, double bottom in the 20 area
Eni, week 12 of the sell signal
In Summary
Week 12 of the sell signal on Eni, and the week closed up 1.1% after two straight drops of 6.6% and 6.8%. A double bottom is forming in the 20 area on the daily chart, with an intermediate 4% rebound, and selling volume is contracting. The decline is holding direction, and it's losing the momentum of the prior weeks.
IQS Phase
75
in tension
Signal Strength
35
decline losing steam
Sizing
REDUCED
Ranking
#8 / 54
EU-UK stocks
Trade P&L %
+6.04%
from signal to today
restricted Platinum content