Milan: major selling for Brembo
(Teleborsa) - The Italian producer of automotive disc braking systems is -2.05% down on previous levels after a steady fall.In the last week Brembo underperformed the FTSE Italia Mid Cap index, therefore showing a lower performance than the benchmark.
The technical picture for Brembo suggests that the bearish trend is to continue towards a test of the 8.834 Euros floor, while the 9.08 area represents the current price ceiling. The outlook is for an extension of the downtrend to test new lows identified at the 8.75 level.
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) 11-13-2024 09:35 AM