Poste Italiane: the pause drags on, RSI keeps cooling
Poste Italiane slips 3% as the pause stretches toward support in the 27.7 area
Poste Italiane: the pause drags on, RSI keeps cooling
Our view last week
Poste Italiane pauses after its rally: the week closes down 1.5% and volume swings sharply toward sellers, 79% of turnover versus 72% on the buy side the week before. The weekly RSI stays very high, at 74.7, but is cooling from 81 three weeks ago. Price is boxed into a tight band between support in the 28.7 area and resistance in the 29.4 area, after a long run that has taken the trade to +27.73% since entry.
This week's summary
Poste Italiane closes the week down 3%, with sellers back in control of 65% of turnover. It's an extension of the pause that opened seven days ago: price stays boxed between support in the 27.7 area and resistance in the 28.3 area, while the weekly RSI keeps cooling, down to 68 from 74.7 a week earlier. The swing trade's gain slips to 23.9% since entry.
IQS Phase
57
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#46 / 61
EU-UK stocks in progress
Trade P&L %
+23.90%
from signal to today
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