Milan: OVS in free fall
(Teleborsa) - OVS tumbles, recording a dry loss of -5.07% on previous levels.The weekly analysis of the security and the FTSE Italia Mid Cap shows OVS losing relative strength against the index.
The medium-term technicals still have a bullish cadence, while in the short term the obvious difficulty of breaking above the 2.844 level is dampening the stock's performance. The immediate support level of 2.662 is still intact. The most coherent outlook is for a continued corrective move towards the 2.588 level in the near future.
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) 11-21-2024 12:30 PM