Milan: downside move for Lottomatica

(Teleborsa) - The First Italian operator in the legal gaming market is bearish as it trades -1.83% down.

In the weekly comparison, Lottomatica's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.

Short-term analysis of Lottomatica confirms that the security's bullish phase is to continue, with immediate resistance seen at 11.5 Euros and the first support identified at 11.13. Technically, we can expect further upward movement towards new highs in the 11.87 region.

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) 10-30-2024 09:35 AM