Milan: widespread selling for Amplifon

(Teleborsa) - Amplifon has a turbulent session, losing -5.29% on previous levels.

Amplifon's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE MIB index.

While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 26.3 holding strong. The positive movement in the short term indicates a potential reversal of the bearish trend, with the possibility of prices flirting with the key resistance level of 27.4. Thus there is a good chance of the bullish phase continuing towards the 28.5 level.

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) 10-09-2024 09:35