Milan: major selling for Cembre
(Teleborsa) - A bearish session for the manufacturer of electric connectors and installation tools as it posts a -2.17% fall.Cembre'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.
Cembre's technical status shows signs of decline with support listed at 35.78 Euros, while on the upside resistance can be identified at 36.13. In the next session we could witness a further downswing with a likely target of 35.57.
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) 13-09-2024 09:35