Milan: downbeat day for Ferragamo
(Teleborsa) - The Luxury maison slides steadily, trading -2.79% down on previous levels.The weekly analysis of the security and the FTSE Italia Mid Cap shows Salvatore Ferragamo losing relative strength against the index.
Technically, the medium-term trend is down, but with the 8.745 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 9.07. The most likely scenario is for a bullish recovery with resistance at 9.39.
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) 06-27-2024 09:35 AM