Milan: Ferragamo falls
(Teleborsa) - The Luxury maison is subdued as it drops -2.12%.Looking at the weekly scenario, Salvatore Ferragamo lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
Analysis of the technicals reveals that the italian fashion firm is headed further south to test support at 6.637 Euros. First resistance is at 6.807. Expect the downtrend to extend towards new lows around 6.573.
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) 09-09-2024 12:30