Milan: Saipem moves up
(Teleborsa) - A positive session for the Italian oil and gas industry contractor as it progresses +1.92%The weekly analysis of the security and the FTSE MIB shows Saipem losing relative strength against the index.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 2.286 level. Support at 2.262 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 2.247 level.
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) 07-10-2024 09:35 AM