Milan: Danieli & C negative
(Teleborsa) - Negative trading results for Danieli & C as it declines -2.39%.The weekly analysis of the security and the FTSE Italia Mid Cap shows Danieli & C losing relative strength against the index.
Danieli & C's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 25.02. Support is at the 24.27 level. Further bullish cues would suggest a new target price in the 25.77 region.
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) 12-02-2024 12:30 PM