Milan: Brembo moves up
(Teleborsa) - Positive results for the italian producer of automotive disc braking systems as it rises +3.04%.Analysing the security's performance against the FTSE Italia Mid Cap index on a weekly basis, we discover that the security is perfectly in line with the benchmark in terms of relative strength.
Analysis of the technicals reveals that Brembo is headed further south to test support at 9.01 Euros. First resistance is at 9.25. Expect the downtrend to extend towards new lows around 8.858.
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) 01-06-2025 12:30 PM