Ftse Mib: here is the year-end target. The most interesting titles

In the last sessions the Ftse Mib has updated the maximums of the year daily. Will the current rise still last in the short term?

In the very near future, I would expect some profit taking following the release of the quarterly reports, for the classic saying "buy on expectation, sell on the news".

Once these benefits have been overcome, I believe the market could continue the climb, with the Ftse Mib launched towards the target of 24 thousand points, a target that I would expect by the end of the year.

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How do you assess the current approach of Banco BPM and Ubi Banca and what indications can you provide for both?

Ubi Banca has climbed up the slope, but still remains quite distant from the 3.10 euro quota, a resistance that separates prices from a medium-long term inversion of trend.

The technical situation is similar for Banco BPM which remains under the resistance given by the highs of December 2018 in the area 2.26 euros.

Only by overcoming this level will we be able to put an end to the congestion in progress.

FCA continues to rise after the announcement of the merger with Peugeot, while yesterday Ferrari reverses again after the post accounts rally. What is your view on these two titles?