Milan: major selling for BFF Bank
(Teleborsa) - The Bank specialized in factoring is bearish as it trades -3.76% down.Looking at the weekly scenario, BFF Bank lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
The technical assumptions for BFF Bank'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 8.563. The most immediate resistance is estimated at 8.988. Expect an intermediate corrective phase which brings prices back into line, with a target of 9.41 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) 11-11-2024 09:35 AM