Milan: negative performance for Ferragamo
(Teleborsa) - The Luxury maison is subdued as it drops -1.8%.In the weekly comparison, Salvatore Ferragamo's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
The Italian fashion firm'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 6.9 area. Support is at 6.765. Further positive moves would support the case for a new high in the 7.035 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) 10-03-2024 09:35 AM