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Snam: highs under pressure, sell signal still on watch

Snam is in the 2nd week of a sell signal with strength 38 out of 100. Our model flags trading not recommended: bearish structure but heavily tested highs, opening a short is high risk.

In Summary
Snam is in the 2nd week of a sell signal, ranking 5th among the 57 short setups on European-UK stocks with a signal strength of 38 out of 100. Our model flags trading not recommended: the structure is bearish with lower highs, but the key level is heavily contested and opening a new short is high risk per our model.
Sell signal in observation ·1st week from start ·EU-UK stocks ·T2
IQS Phase
48
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#5 / 57
EU-UK stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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