Our view continues to be that Piazza Affari, with some sectors (banking, consumption, media, telecommunications), could continue to perform better among equity indices.
To ride the Christmas rally, we are studying buying signals on Italian equities that are also undervalued compared to analyst recommendations.
In a few weeks we will "celebrate the black friday" and usually in this day / period of great discounts many tend to buy appliances, computers, smartphones, televisions and more.
Which stock listed on Piazza Affari could be favored by this context? Most likely Unieuro (UNIR), which with its chain of stores covers 20% of the offer in Italy.
Buy Unieuro for interesting performances until Christmas
The stock closed last trading week at 13.52.
Since the beginning of the year it has registered the minimum at 9.00 and the maximum at 14.28.
On the basis of the latest estimates by the stock analysts, a fair value of 18 euros is recognized with an average undervaluation of approx. 33%.
Fundamental and budget analysis is not in itself an indicator of the purchase of a financial instrument. The best trading strategy is one that sees a combination of scenario analysis and economic prospects with graphic analysis criteria.
For this reason we went to look at our trading and trend indicators to define whether Unieuro is a stock to buy or not.
The rule of ABC of the winning trading wants a stock to be bought and sold only and if the chart is in tune with the budgets and future profits.
Trading signal
To ride the Christmas rally, Unieuro is ideal, in fact from the graphic point of view we believe that the shares are close to a price explosion.
How to invest?
Buy the stock at the beginning of November 11 with stop loss at 12.81 and keep until Christmas. The first resistance and objective is set at 14.28. The next to 15.43.
The upside potential over the next 40 days is between 10 and 15% at least.
Source link
https://www.proiezionidiborsa.it/cavalcare-il-rally-natalizio-con-unieuro-comprare-il-titolo/
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