Milan: Telecom Italia on the rise
(Teleborsa) - Positive results for the italian tlc company as it rises +3.26%.Telecom Italia's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.
Telecom Italia'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 0.2365. Support is at the 0.2297 level. Further bullish cues would suggest a new target price in the 0.2433 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)
(Teleborsa) 12-05-2024 09:35 AM