Timeframe: D
Trading Idea: Long with trend at current levels, SL@97.97
Technical Comment: The company also tested the main trend on 23.6 Fibonacci. The price is between the two moving averages, and the demarcator swings up from the resale area. A previous price action configuration of the hammer signals the subsequent upward movement. Cincinnati lags behind its core index, creating enough space to catch up with the benchmark.
Fundamental comment: The company has been under pressure lately, but we may have reached the end of the sale. From a fundamental point of view, the reports would be the expectations of investors, and the prospects for Cincinnati are good. Analysts' estimates are also rising in the right direction.
Alternative: In combination with a deterioration of the foundation and technical signals to crack the trend, our buying idea will fail.
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25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
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Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
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