Milan: bullish cue from Technoprobe
(Teleborsa) - Another bullish cue from the manufacturer of semiconductors and microelectronics as it trades with a good +3.32% gain.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Technoprobe, 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 6.093 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 6.318. Thus there is a good chance of the bullish phase continuing towards the 6.543 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) 10-18-2024 09:35 AM