Saras (SRS) Target reachedSaras target reached
Double maximum reached for the oil extraction company, led by Massimo Moratti.
Also thanks to the oil rally, the price reached the very well-defined volumetric level.
The company is not traveling in good water, with the president Moratti who gave up his remuneration as CEO to distribute it to his employees, a nice gesture, but an indication of poor health for the company.
This is why I liquidated all positions after the abrupt discharge on 28 September, then fortunately recovered on Thursday and Friday.
Double maximum, therefore, the possible pullback in the short term, with the moving average 200 as the ideal entry-level; if the rebound poisoned first, a bullish trendline would finally be created that we will be able to take into account for the future, always, let's remember, with an eye to the fundamental values of the company!
Profit, over 45% anyway. Great trade.
As always, I enclose the proof of what I write for correctness and transparency.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Saras
Bullish weekly divergence+Bullish weekly divergence
+13 July: Saras, which owns Italy's Sarroch refinery, which has been running at around 70% of its capacity since March and had only two of its three CDUs operational, has restarted its T1 topping plant and is currently in the process of restarting its FCC unit.
