LeLaf

NTZ: Price rejection following Spike up

Short
NYSE:NTZ   Natuzzi, S.p.A
Price rejection after spike
May retrace back to fill the gap

Pros
Low volumes (Except for Spike)
200MA declining
250RSI below 50

Cons
PPS above 50MA and 200MA
ATR climbing

If confirmed
PT1 = 1,64
PT2 = 1,42
PT3 = 1,31
PT4 = 1,20
Bonus PT5 = 1,10

maax!