The Italian Football Federation has announced that for a period of one month, all Seri A games are to be played behind closed doors (no fans allowed) as a precautionary measure to prevent any further spread of the Covid-19 Virus. Well the share has reacted and has now been caught offside and dropped to levels last seen in 2018. My logic tells me that if teams played once week, then the shut down would only last for 4 games. Logic also tells me that football starved fans across Italy would flood back into stadia in early April and Juventus fans will soon be able to watch Christiano Ronaldo live in action. Just like a football, I think this price will bounce of the support level created in October 2018.
I'd be looking to buy BIT:JUVE at 0.85 Euro cents (or better) for a volley back up to 1.10 Euro (resistance level) and score 29% gain. Place a stop loss just below support at 0.78 Euro cents
I'd be looking to buy BIT:JUVE at 0.85 Euro cents (or better) for a volley back up to 1.10 Euro (resistance level) and score 29% gain. Place a stop loss just below support at 0.78 Euro cents