Milan: D'Amico takes a plunge
(Teleborsa) - The International marine transportation company is thrown to the bears as it trades with dire losses of -4.7%.The weekly analysis of the security and the FTSE Italia Mid Cap shows D'Amico losing relative strength against the index.
New technical evidence points to a decline of D'Amico's stock price, which could hit the most immediate support seen at the 3.097 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 3.242 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 3.048.
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) 04-03-2025 12:30 PM
