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ENI SPAEE

ENI SPA

632.50MXND
+96.55+18.01%
At close at Aug 28, 2024, 14:41 GMT
MXN
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E/N trade ideas

OIl and ENI: Spread OpportunityGood opportunity on the Italian Market to be exploited with a spread trade. Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities. My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses). Investing Fellow Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
M
by Investing_Fellow
Double bottoms, supports and resistances, Heikin Ashi buy signalWeekly: - Clear double bottom this year around 12,90. Neckline and Kumo top is ard 16,72. Above that space would open to 20. - Ichimoku setup is turning to neutral as Chikou losing open space and Price is trying to move above Kijun Sen. Thin Kumo overshade ahead. However Tenkan is still below Kijun and future Senkou A points down a bit. - Heikin Ashi may give a bullish resumption signal this (or next) week, as candle body shrinks! Watch if haDelta crosses back above zero line! Daily: - Interesting double bottom here as well made in August and September, with a slightly higher low on second dip. - After sharp price gains and bullish Kumo breakout price has retested Kumo and Kijun Sen. Ichimoku setup is bullish biased, with some confusing signal on Tenkan/Kijun: in a case like this we can check the average of these, which is actually the Senkou A line (green future Kumo line), and that still points up! - After 5-7 days of some choppy consolidation Heikin Ashi possibly gives a buy signal at support! - Bullish confirmation and acceleration would happen above 15,25 Quite a good opportunity to enter long.
MLong
by Kumowizard
Bullish Oil Futures = Energy Companies #10 (E)Deep pullback but is more safe buy now because the bad has happened In Feb 5, 2018 Dow drops 1,175 points the biggest point drop In history and historically after big falls like the Black Monday October 19, 1987 Remember that after the shock, strong hands buy stocks. About the resistance line: Resistance Line is an (Area, Zone, Sector) Between 31.90 to 34.70 or something not exact. In this chart in particular, is because is a foreign company, but the stock have enough liquidity, exactly the Avg-Volume is 212,531 Other aspect with the resistance line in this chart is because this is a foreign company and there tend to be constant intraday gaps during a week, But at the end this stock is liquid Again I repeat the Avg-Volume is 212,531
NLong
by Alex_Quiroga