Milan: strong day for Ferragamo

(Teleborsa) - The Luxury maison achieves a significant increase, gaining +2.54% on previous levels.

Looking at the weekly scenario, Salvatore Ferragamo lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.

While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 6.762 holding strong. The positive movement in the short term indicates a potential reversal of the bearish trend, with the possibility of prices flirting with the key resistance level of 6.902. Thus there is a good chance of the bullish phase continuing towards the 7.042 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) 13-09-2024 09:35