Milan: bullish cue from Safilo
(Teleborsa) - The Sunglasses and eyewear italian producer achieves a significant increase, gaining +3.08% on previous levels.The analysis of Safilo's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 0.913 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 0.953. Thus there is a good chance of the bullish phase continuing towards the 0.993 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) 12-06-2024 12:30 PM