Milan: gains for Juventus
(Teleborsa) - Positive results for the professional Italian football club as it rises +2.87%.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of Juventus, in fact, has been higher than the related benchmark index.
While the medium-term scenario still looks bearish, the short-term structure shows some promising signs, with support at 1.871 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 1.932. Thus there is a good chance of the bullish phase continuing towards the 1.992 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) 05-07-2024 12:30 PM