Milan: downside move for Sanlorenzo
(Teleborsa) - The Luxury yacht builder is -3% down on previous levels after a steady fall.In the last week Sanlorenzo underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
The technical picture for Sanlorenzo suggests that the bearish trend is to continue towards a test of the 31.7 Euros floor, while the 32.95 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 31.1 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: Guillaume Plisson)
(Teleborsa) 11-12-2024 12:30 PM