Short
Atlantia SPA - still to weak for rally - correction wave 2
Atlantia breaks after 6 months out of accumulation area and is testing first resistance. I expect one more drop to 18.4 area which could form wave 2 from 1-2-3-4-5 Elliot wave. RSI is heavy overbought and MACD baselines have crossed = bearish indicator.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.