Milan: major selling for Ferragamo
(Teleborsa) - The Luxury maison slides steadily, trading -3.32% down on previous levels.Salvatore Ferragamo'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.
The short-term scenario shows a decline towards the 6.198 Euros area with first resistance seen at 6.383. Expectations are for the italian fashion firm to continue its negative run towards support at 6.137.
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) 20-09-2024 09:35