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Milan: major selling for Stmicroelectronics
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The weekly analysis of the security and the FTSE MIB shows Stmicroelectronics losing relative strength against the index.
The general technical context has seriously bearish implications for Stmicroelectronics, which could see levels driven down towards the 35.64 Euros support area. Against all odds, bullish influences could push prices up to the key resistance level of 37.52.
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) 06-25-2024 09:35 AM