Milan: Reply on the rise
(Teleborsa) - Positive results for Reply as it rises +1.89%.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.
The technical status of Reply shows that the security's performance is increasing in the short term, with the first resistance area identified at the 149 Euros level. There is the risk of a possible correction towards the target of 140.5. Yet, we expect a rise of the bullish trend line towards the resistance area at 157.5.
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) 10-24-2024 12:30 PM