Milan: bullish cue from ENI
(Teleborsa) - A lively session for the six-legged dog, which makes a big leap forward gaining +1.91%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of ENI, confirming a better performance for the security in comparison to the related index.
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 14.27 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 14.48. Thus there is a good chance of the bullish phase continuing towards the 14.68 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) 06-25-2024 09:35 AM