Milan: downside move for Ferragamo
(Teleborsa) - Negative trading results for the luxury maison as it declines -2.4%.The weekly view shows the share's trend line moving parallel to the FTSE Italia Mid Cap benchmark index, which confirms that Salvatore Ferragamo's movements are determined by its reference market rather than by any events linked to the share itself.
The short-term technical picture for the italian fashion firm shows an acceleration of the uptrend towards a target of 6.835 Euros. A possible decline to 6.61 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 7.06 level.
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: © theyok/123RF)
(Teleborsa) 12-18-2024 12:30 PM