BIT:CB3 - Euronext Milan - LU1681046261 - ETF - Currency: EUR
We assign a technical rating of 6 out of 10 to CB3. Although CB3 is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, CB3 does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 221.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 219.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
209.30
We found 1 important support area.
We found 1 important resistance area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
221.07 | 217.07 | 4.00 (1.81%) | 25.00% |
An entry @221.07. This is a Buy Stop order right above the 10 day high. | An exit @217.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.00 points, which is 1.81%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
BIT:CB3 (5/6/2025, 1:24:43 PM)
220.16
-0.33 (-0.15%)