long piaggio - MID CAP (ITALY)

17 Mar 2017

we can see a bottom area and we can
try to make a trade long with a stop under 1,36 €

good break out of a bearish trend line

stock crosses over 200 moving average

stock has a good r/r as in the las 17 months it lost almost 50%

GOOD POC AREA AROUND 1,40-1,60

24 Mar 2017

Not

good news from china, Piaggio continues to rise.

26 Eyl 2017

Not

trade closed with mor 50% gain!!!! I think price is near to real fair value of stock.

PRICE COULD RISE MORE BUT I THINK THIS IS A GOOD POINT TO EXIT.
WE RECOVER LIQUIDITY FOR OTHERS TRADE WITH GREAT RISK REWARD