Milan: Telecom Italia on a high
(Teleborsa) - The Italian tlc company comes out on top as it trades +4.51% higher.In terms of weekly performance, the share's trend matches the FTSE MIB benchmark index, which means that the share price is supported by market movement rather than by news relating to the company.
The technical picture of Telecom Italia signals an extended downtrend towards support seen at 0.2305 Euros, while on the upside resistance can be identified in the 0.24 area. The outlook is for Telecom Italia to pull back further still towards a target of 0.2245.
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) 07-10-2024 12:30 PM