Milan: Ferragamo extends rise
(Teleborsa) - A spectacular surge from the luxury maison as it records a bullish +6.56% increase.In the weekly comparison, Salvatore Ferragamo's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
The technical assumptions for the italian fashion firm's medium-term performance are still downbeat. Yet, positive signs do emerge from the short-term view, with the fastest indicators showing a decrease in downward momentum. At this point, a slowing of the downturn is possible as prices approach 5.812. The most immediate resistance is estimated at 6.237. Expect an intermediate corrective phase which brings prices back into line, with a target of 6.662 in the near future.
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) 12-03-2024 09:35 AM