Milan: strong day for Banco Bpm
(Teleborsa) - Another bullish cue from Banco Bpm as it trades with a good +2.99% gain.In the weekly comparison, Banco Bpm's trend is more pronounced than the FTSE MIB trend line, revealing a greater performance when compared to the index.
The technical picture is visibly deteriorating, with support in the 6.154 Euros area. On the upside, the main exit level is seen at 6.23. Banco Bpm's decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 6.114.
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) 07-01-2024 12:30 PM