Milan: downside move for De'Longhi
(Teleborsa) - A negative day for De'Longhi as it sheds -2.49%.The weekly analysis of the security and the FTSE Italia Mid Cap shows De'Longhi losing relative strength against the index.
De'Longhi's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 28.7 area. Support is at 27.82. Further positive moves would support the case for a new high in the 29.58 area.
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) 02-09-2024 12:30