Unicredit

Well, the Unicredit stock is running on perfect cyclical rhythms, so let’s take a look at it to evaluate a possible market entry.


On 23 April UCG started its semester cycle a few days early and by 11 June it will have completed left hump (LH).
However, we must be ready for a Sell entry because we are reaching various levels of interest, such as the 61.8% Fibonacci on the vector that characterized the first half of 2020, then we find the resistances at 11.28 and 11.75, and finally a resistance which traces the annual maximums and which tingles the resistances mentioned above.


I would start placing a firm sell position between the resistances to look for a take profit on 50% of the last vector (but we will evaluate it in the future).

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