Milan: Ferragamo slips
(Teleborsa) - The Luxury maison is in negative territory as it trades with a -2.18% loss.Salvatore Ferragamo's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
The technical scenario for the italian fashion firm shows a continuation of the downtrend to test support at 6.86 Euros, with a resistance area at 7.06. The bearish pattern suggests that new lows will probably be tested in the 6.78 area.
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) 06-09-2024 12:30