Quarterly arriving from the US above expectations e Bags at the top: the fears of the pandemic now seem to be on the corner. And for investors, a way is opening up for new hikes. But what are the targets and levels not to be abandoned? The photograph that comes from Trend Online is very clear: despite the positive news mentioned above two fears remain: first of all, the inflationary fear makes “the returns of the T-Bond to the stars and stripes above the 1.6% threshold”, as well as the case of the Chinese real estate giant Evergrande, getting closer to default.
While if we move to the currency market “The euro tries to carry on the recovery against the dollar, even if the first sign of strength would come with the break of 1.167”, explain by Trend Online. “From an operational point of view, the view presented last week is confirmed, ie a market that with the break of the levels just reported should continue its trend in the direction of the next resistances that we find on the threshold of 27 thousand points. On the downside, there would be signs of weakness only with drops below 25900-26 thousand points ”, continues the newspaper.
But also the banking sector a few weeks ago “it has returned to having good relative strength, so much so that the reference index remains at the highs of 2021 and close to the pre-Covid peaks”. “In this context, the break of 2.80 euros has improved the graph of the Banco Bpm, with next targets set on the threshold of 3 euros first and then 3.07 euros “. Instead for Bper, “Exceeding € 2.07 would give strength to the stock, increasing the chances of a return to the highs of 2021 that we find close to € 2.15”, underline by Trend Online. Finally, in the particular market phase we are experiencing, eyes on some titles among which Tenaris, “That with the break of 10 euros sent a signal of strength, with first targets at 10.6 and then at 11 euros”. And between and blue chips beware of Campari.
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