Milan: Terna shines
(Teleborsa) - The Electricity transmission system operator puts in a decidedly bullish performance, gaining +1.81%.Comparing the share price trend with the FTSE MIB on a weekly basis, we see Terna maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +0.84%, versus a -3.59% gain in the index).
The general technical context has seriously bearish implications for Terna, which could see levels driven down towards the 7.804 Euros support area. Against all odds, bullish influences could push prices up to the key resistance level of 7.956.
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) 11-22-2024 12:30 PM