Milan: Banco di Desio e della Brianza well in the green
(Teleborsa) - Another bullish cue from Banco di Desio e della Brianza as it trades with a good +2.46% gain.Banco di Desio e della Brianza is trending in accord with the FTSE Italia Mid Cap, which makes the security a low alpha asset, that does not yield returns above and beyond its 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 5.893 level. Support at 5.773 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 5.707 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) 11-20-2024 09:35 AM