For Fondiaria-Sai seems to have formed a head and shoulders neckline in the area and a maximum of € 35.80 to € 36.80, not a figure clear since there are three maxima which show a strong support area 35.75 / € 35.80. As you can see the title stops at the level of support and back down, and the white candle today is not significant because the volumes are down.
I would say not to take positions in this title, at least in a perspective of trading in the short and wait for the area exceeded € 35.80. Fondiaria-Sai could reach € 34.34 and you can support this oltreppassato shortie exploiting the descent.
Andrew Tancredi - Independent Trader
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