Telecom Italia near the highs: 3 targets hit, final management phase underway

Telecom Italia is at week 9 of a buy signal with a 23% gain from entry. All 3 targets of our most advanced model were hit early — at weeks 5, 6, and 8 — but the management roadmap runs through week 10. The confirmation week closed bullish but with weakness signals: the model recommends a cautious lightening to lock profit on part of the position.