Unicredit opens in red, is it just the beginning?

Bad start for Unicredit that, as seen in the image, the share price opened below that of the last 6 trading days.

A few minutes from the start the share has continued the descent and, at the moment is on the lows of the day.

If today the price does not recover, the chances of a continuation of the decline would be very high.

We had already talked about Unicredit on several occasions and in the Telegram group "Traders Club" we had reported our entry SHORT on the title.

We expect a lot of volatility on the stock, given that the entire banking sector is under pressure, due to the rumors of mergers  between the various European banking groups.

 

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Article written by Luca Discacciati

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