Milan: major selling for Reply
(Teleborsa) - Reply is bearish as it trades -2.99% down.The weekly analysis of the security and the FTSE Italia Mid Cap shows Reply losing relative strength against the index.
The short-term technical picture for Reply shows an acceleration of the uptrend towards a target of 136.1 Euros. A possible decline to 131.5 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 140.7 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) 18-09-2024 12:30