BIT:FM - Euronext Milan - IT0003365613 - Common Stock - Currency: EUR
Taking everything into account, FM scores 9 out of 10 in our technical rating. In the last year, FM was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 4.97, a Stop Loss order could be placed below this zone.
3.45
5 important support areas can be observed.
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 |
---|---|---|---|
5.12 | 4.80 | 0.32 (6.26%) | 15.98% |
An entry @5.12. This is a Buy Stop order right above the 10 day moving average. | An exit @4.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.32 points, which is 6.26%. | For a 1.00% total portfolio risk, you can invest 15.98% of your capital in this trade. |
BIT:FM (3/7/2025, 7:00:00 PM)
5.07
+0.05 (+1%)