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Milan: negative performance for Iveco
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In the last week Iveco underperformed the FTSE MIB index, therefore showing a lower performance than the benchmark.
Technically, the medium-term trend is down, but with the 10.14 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 10.48. The most likely scenario is for a bullish recovery with resistance at 10.82.
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) 07-02-2024 09:35 AM