Milan: downside move for Moncler
(Teleborsa) - Moncler is in negative territory as it trades with a -1.99% loss.Moncler is trending in accord with the FTSE MIB, which makes the security a low alpha asset, that does not yield returns above and beyond its benchmark index.
Technically, the medium-term trend is down, but with the 56.78 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 57.62. The most likely scenario is for a bullish recovery with resistance at 58.46.
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: © TEA/123RF)
(Teleborsa) 07-15-2024 09:35 AM