Milan: bullish cue from Intesa Sanpaolo
(Teleborsa) - The Italian commercial bank is doing well with an increase of of 2.14%.The weekly view shows the share's trend line moving parallel to the FTSE MIB benchmark index, which confirms that Intesa Sanpaolo's movements are determined by its reference market rather than by any events linked to the share itself.
Analysis of the technicals reveals that Intesa Sanpaolo is headed further south to test support at 3.409 Euros. First resistance is at 3.454. Expect the downtrend to extend towards new lows around 3.381.
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) 06-18-2024 12:30 PM