Milan: Banco Bpm shoots up
(Teleborsa) - Definitely a good session for Banco Bpm as it trades +4.32% higher.On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Banco Bpm, in fact, has been higher than the related benchmark index.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 7.109 level. Support at 6.955 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 6.857 level.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 11-14-2024 09:35 AM