Milan: bullish cue from Rai Way
(Teleborsa) - Positive results for the italian owner of the broadcasting infrastructure as it rises +1.8%.Looking at the weekly scenario, Rai Way lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 5.12 level. Support at 5.04 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 4.99 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) 30-08-2024 09:35