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Milan: Brunello Cucinelli on the rise
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On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Brunello Cucinelli, in fact, has been higher than the related benchmark index.
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 95.15 holding strong. The positive movement in the short term indicates a potential reversal of the bearish trend, with the possibility of prices flirting with the key resistance level of 97.75. Thus there is a good chance of the bullish phase continuing towards the 100.4 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) 06-27-2024 09:35 AM