Milan: Sanlorenzo slips
(Teleborsa) - Negative trading results for the luxury yacht builder as it declines -3.14%.Analysing the security's performance against the FTSE Italia Mid Cap index on a weekly basis, we discover that the security is perfectly in line with the benchmark in terms of relative strength.
The short-term scenario shows a decline towards the 34.97 Euros area with first resistance seen at 36.12. Expectations are for Sanlorenzo to continue its negative run towards support at 34.48.
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) 08-08-2024 12:30 PM