Milan: ERG well in the green
(Teleborsa) - ERG puts in a decidedly bullish performance, gaining +2.17%.For good or for bad, ERG's movements during the last week have followed the FTSE MIB's trend. Thus the reference market currently has a greater influence on the share price than any company-specific news.
The technical picture for ERG suggests that the bearish trend is to continue towards a test of the 19.85 Euros floor, while the 20.43 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 19.47 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)
(Teleborsa) 11-08-2024 12:30 PM