Milan: major selling for the Italian Sea Group
(Teleborsa) - The Yachting industry company is in negative territory as it trades with a -2.14% loss.The weekly analysis of the security and the FTSE Italia Mid Cap shows the Italian Sea Group losing relative strength against the index.
The Italian Sea Group's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 7.487 area. Support is at 7.237. Further positive moves would support the case for a new high in the 7.737 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) 12-03-2024 12:30 PM