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Milan: strong gains for MPS Bank
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The analysis of bank of Siena's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE MIB.
Analysis of the technicals reveals that Banca Monte Paschi is headed further south to test support at 4.488 Euros. First resistance is at 4.626. Expect the downtrend to extend towards new lows around 4.416.
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 09:35 AM