Milan: gains for Saipem
(Teleborsa) - Another bullish cue from the Italian oil and gas industry contractor as it trades with a good +2.86% gain.On a weekly basis, the stock is trending higher than the FTSE MIB. The performance of Saipem, in fact, has been higher than the related benchmark index.
The general technical context has seriously bearish implications for Saipem, which could see levels driven down towards the 1.982 Euros support area. Against all odds, bullish influences could push prices up to the key resistance level of 2.034.
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) 10-04-2024 09:35 AM