Milan: MPS Bank heads for rock bottom
(Teleborsa) - Monte Paschi is thrown to the bears as it trades with dire losses of -5.02%.The weekly analysis of the security and the FTSE MIB shows bank of Siena losing relative strength against the index.
Banca Monte Paschi's technical status shows signs of decline with support listed at 4.145 Euros, while on the upside resistance can be identified at 4.319. In the next session we could witness a further downswing with a likely target of 4.035.
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) 08-05-2024 09:35 AM