Milan: major selling for Ferragamo
(Teleborsa) - The Luxury maison is in the red with a -3.73% loss.The technical scenario for Salvatore Ferragamo in the last week shows the security lagging behind the FTSE Italia Mid Cap. As compared to the related index, the security has shown a lower performance.
The technical scenario for the italian fashion firm shows a continuation of the downtrend to test support at 6.455 Euros, with a resistance area at 6.655. The bearish pattern suggests that new lows will probably be tested in the 6.335 area.
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) 10-08-2024 09:35 AM