felixtheboss

felixtheboss Updated 

Possible double top formation for Campari stock. Considering that the actual global economy is slowing down and that the Italian stock market is actually in a bear market (the FTSE MIB Index is actually -24% YTD) a price decline could happen. Considering the foundamentals of the company if the price will go down i will look for an entry point since the company is solid.

felixtheboss

In my opinion we are currently in a wave 4 of the elliot wave theory, i'm expecting further downturn before see gains. Also due to trade war possible downturn are still possible. In the long run however the company is solid and i think that further stock price increase is more than likely. At the end on wave 5 will initiate long with this company.