Milan: Danieli & C shines
(Teleborsa) - Positive results for Danieli & C as it rises +1.92%.The analysis of Danieli & C's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
Technically, the medium-term trend is down, but with the 28.8 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 29.35. The most likely scenario is for a bullish recovery with resistance at 29.9.
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: © Nupean Pruprong / 123RF)
(Teleborsa) 18-09-2024 12:30