Saipem stalls: sellers take control
Saipem nearly flat (+0.4%): the week tips to the sellers
Saipem stalls: sellers take control
Our view last week
Saipem is in week 30 of a buy trade whose model coverage is already complete: all 3 targets were hit within week 6, and the residual capital keeps running at +80.20% since entry. The stop has followed the rally up to the Inversion Point, in the 4.1 area, now protecting most of the accumulated gain. On the technical side, the week just closed was solid, with price pushing back toward the nearest resistance.
This week's summary
After a solid week near resistance, Saipem has stalled: it closed nearly flat, up 0.4%, with the session dominated by sellers, 72% of the volume. Under the surface the picture is cooling - money flow keeps sliding deeper negative and momentum has turned below zero - while price stays boxed between two pivot averages, in the 4.42 and 4.34 areas. The residual capital keeps running all the same, now above 80% in gains.
IQS Phase
38
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#42 / 60
EU-UK stocks in progress
Trade P&L %
+80.86%
from signal to today
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