Terna's pace slows: double bottom defends the 9.8 area
Terna slips 0.5%: buyers lose steam, yet the double bottom in the 9.8 area holds
Terna's pace slows: double bottom defends the 9.8 area
Our view last week
Terna is in week 12 of a buy trade whose model coverage is now complete: all 3 statistical targets have been reached, and management now continues with a trailing stop on the Inversion Point. On the technical side the week held up well, with a bounce off the daily 20-day moving average, though a warning on the last candle calls for close attention in the sessions ahead.
This week's summary
Buyers in Terna now hold just 53% of trading volume, down from 83-87% three weeks ago — as flagged last week — while the price stays boxed between the ceiling in the 10.38 area and the floor in the 10.23 area. The ADX is falling, the trend is losing conviction, and money flow, still positive, is cooling off. On the daily technical picture a clean double bottom still holds in the 9.8 area, with an 8% rebound: the buy trade, open for 13 weeks, now sits at -0.73% from entry.
IQS Phase
50
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#56 / 60
EU-UK stocks in progress
Trade P&L %
-0.73%
from signal to today
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