Milan: Saipem on the rise
(Teleborsa) - The Italian oil and gas industry contractor is doing well with an increase of of 3.30%.A comparison of the security and the FTSE MIB index on a weekly basis shows the greater relative strength of Saipem, confirming a better performance for the security in comparison to the related index.
Short-term analysis of Saipem confirms that the security's bullish phase is to continue, with immediate resistance seen at 2.217 Euros and the first support identified at 2.146. Technically, we can expect further upward movement towards new highs in the 2.288 region.
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 09:35 AM