The Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave virtual reality stocks 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. The FTSEMIB will see a further large correction -34% retracing to FTSEMIB points.
The next support is at 16% drop. Two facts making me belive that a short position is the right thing to do. Italy is in huge difficult to contain the coronavirus. They will lock entire cities and regions in the next week. The economy isn’t string at all. Opened another short for catch some % on the free falling of the italians markets.
Historical FTSEMIB Price Data
Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, xcritical reviews stock returns and profitability. FTSEMIB chart on a larger time scale, already… Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.
- Opened another short for catch some % on the free falling of the italians markets.
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- Italy is in huge difficult to contain the coronavirus.
- The index consists of the 40 most-traded stock classes on the exchange.
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FTSEMIB FTSE MIB IndexIndex Price & Overview
The FTSE MIB (the S&P/MIB prior to June 2009) is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded python for java programmers stock classes on the exchange. Register now to watch these stocks streaming on the ADVFN Monitor. Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification.