Milan: bullish cue from LU-VE Group
(Teleborsa) - The Manufacturer of refrigeration and air conditioning products is doing well with an increase of of 2.69%.For good or for bad, LU-VE Group's movements during the last week have followed the FTSE Italia Mid Cap's trend. Thus the reference market currently has a greater influence on the share price than any company-specific news.
While the medium-term picture confirms LU-VE Group's negative trend, the short term reveals the possibility of a timid upswing to first resistance in the 24.95 area. First support is identified at 24.55. Further positive cues could signal an upward movement with a target of 25.35.
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) 08-16-2024 12:30 PM