Milan: Inwit sharply lower
(Teleborsa) - The Italian electronic communications tower operator is in disarray as it suffers losses of -4.47%.Inwit's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
Analysis of the technicals reveals that Inwit is headed further south to test support at 9.57 Euros. First resistance is at 10.05. Expect the downtrend to extend towards new lows around 9.41.
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) 11-06-2024 12:30 PM