Generally in my trading method I use the Simple Moving Average.
I bought at 3,77 the stock when the prices dropped on the 200 daily SMA.
If I try to count the waves probably is started a huge III major wave.
I'm in and right now the gain is +20% in 3 days.
The prices designed two pullback on the 200 weekly SMA. The SMA is designing a rounding bottom. My opinion is to enter at those prices for a long position until the 200 weekly SMA will sustain the prices.
The prices are making a pullback on the 200 daily SMA. The IN area in my opinion is the green box with tight stop loss due the RSI value. From the green box LONG until the prices will be on the 200 daily SMA
I guess the firm correction movement ABC is near to find a support on the weekly SMA. If we change time frame from weekly to monthly near those prices is passing the monthly SMA.
Tomorrow I'm going to enter @82,60 for a long bound as showed in the chart.
Mondadori has designed a clear rounding bottom. The prices are now on the 200 weekly SMA (Red area) and after a pull back on the SMA (over there has been a gate to enter) the prices are sustained from the SMA. LONG for a LONG TERM OPERATION until the prices are sustained from the SMA.
The configuration of the the firm is typical of an invertion process. Rounding bottom is formed, the prices broke the 200 SMA and now with the pullback and the RSI so low there is an opportunity to enter.
I am long from the green box with stop loss in case the prices will lose the level of the 200 daily SMA
The prices of the firm are supported this week from the 144 weekly SMA. The oscillator RSI is in the iper sell zone.
I took a position long til around the level of 110.
SL and TP are indicated on the chart
Very nice chart with the the Fantastic 4:
Is time to enter in the green box with stop if the prices will los the 200 SMA (red).
Rounding bottom and invertion of the trend are in act.