Milan: downside move for Buzzi
(Teleborsa) - Negative trading results for Buzzi as it declines -1.94%.The weekly analysis of the security and the FTSE Italia Mid Cap shows Buzzi losing relative strength against the index.
New technical evidence points to a decline of Buzzi's stock price, which could hit the most immediate support seen at the 37.1 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 37.76 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 36.88.
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) 06-21-2024 09:35 AM