Milan: Buzzi in the red
(Teleborsa) - Buzzi is -1.98% down on previous levels after a steady fall.Buzzi is trending in accord with the FTSE Italia Mid Cap, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
The technical scenario for Buzzi shows a continuation of the downtrend to test support at 36.25 Euros, with a resistance area at 37.03. The bearish pattern suggests that new lows will probably be tested in the 35.95 area.
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)
(Foto: © sergwsq / 123RF)
(Teleborsa) 07-02-2024 09:35 AM