Fincantieri — 18th week of decline, bearish confirmation
Fincantieri at week 18: the rebound fades, sellers back in control
Fincantieri — 18th week of decline, bearish confirmation
In Summary
Fincantieri is at week 18 of a sell signal, listed on Borsa Italiana (Milan). The technical rebound of the previous 2 weeks — buyers at 85% on May 18 — has faded: this week the stock dropped 7.2% with sellers at 77% and distribution back in full force. The double bottom in the 11 area is now the key structural reference to follow.
Ongoing decline
·18th week from start
·EU-UK stocks
·T2
IQS Phase
59
ordinary
Signal Strength
41
shallow weekly drop
Sizing
REDUCED
Ranking
#28 / 54
EU-UK stocks
Trade P&L %
+31.37%
from signal to today
restricted Platinum content