Milan: Reply falls
(Teleborsa) - Reply is subdued as it drops -2.58%.In the weekly comparison, Reply's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
According to the short-term technicals, Reply will continue its positive development to test the resistance area of 147.2 Euros. There is the possibility of a decline to the 141.6 low. Overall, we expect the stock to breakout and test new resistance at 152.8.
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) 10-25-2024 12:30 PM