"Fiat has formed a rectangle since mid-2011. Prices are breaking out today. The theoretical target of the pattern is at 6.60 euros. The rhythm of the rise after such a signal is very uncertain. Sometimes, prices simply sky-rocket," Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day, writes in a note.
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"Fiat has formed a rectangle since mid-2011. Prices are breaking out today. The theoretical target of the pattern is at 6.60 euros. The rhythm of the rise after such a signal is very uncertain. Sometimes, prices simply sky-rocket," Valerie Gastaldy, head of Paris-based technical analysis firm Day By Day, writes in a note.