Milan: strong day for WIIT
(Teleborsa) - A lively session for the cloud computing and IT outsourcing service company, which makes a big leap forward gaining +2.28%.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of WIIT, in fact, has been higher than the related benchmark index.
WIIT's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 19.96. Support is at the 19.5 level. Further bullish cues would suggest a new target price in the 20.42 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)
(Foto: Bethany Drouin)
(Teleborsa) 01-02-2025 12:30 PM