Milan: Carel Industries moves up
(Teleborsa) - Another bullish cue from the manufacturer of air conditioning and refrigeration control systems as it trades with a good +2.2% gain.In the last week Carel Industries underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
Analysis of the technicals reveals that Carel Industries is headed further south to test support at 18.22 Euros. First resistance is at 18.78. Expect the downtrend to extend towards new lows around 17.88.
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) 12-18-2024 09:35 AM