Milan: Stmicroelectronics shines
(Teleborsa) - Stmicroelectronics puts in a decidedly bullish performance, gaining +2.67%.In the weekly comparison, Stmicroelectronics's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
Technically, the medium-term trend is down, but with the 25.26 support level holding firm we have some positive signs for the near term. The bullish cue signals a trend reversal to the upside, with prices potentially reaching the important resistance area at 26.37. The most likely scenario is for a bullish recovery with resistance at 27.48.
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) 11-12-2024 12:30 PM