Luxottica Offers Attractive Risk-Reward

Aug 23, 2016

Luxottica's slowing fall over the past six months has been nicely accompanied by bullish or improving momentum divergences. Levels around 42 seem to serve as a good floor for the time being. The 50day moving average has been capping any efforts since May, and a break above it, may be a first technical catalyst, with the second waiting @44.69 for the completion of a small base. Worth a long with stop @41.90 / initial targets @50.00