Milan: downside move for Moncler
(Teleborsa) - Moncler is in negative territory as it trades with a -2.18% loss.Moncler's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
Looking at Moncler's technical status, the stock is losing strength with prices drifting towards support at 49.09 Euros. On the upside, any appreciation would encounter a serious obstacle at 50.08. The reign of the bears makes a continued downtrend towards the 48.73 level look very real.
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) 18-09-2024 12:30