Milan: Piaggio well in the green
(Teleborsa) - A lively session for Piaggio, which makes a big leap forward gaining +2.73%.A comparison of the security and the FTSE Italia Mid Cap index on a weekly basis shows the greater relative strength of Piaggio, confirming a better performance for the security in comparison to the related index.
According to the short-term technicals, Piaggio will continue its positive development to test the resistance area of 2.973 Euros. There is the possibility of a decline to the 2.889 low. Overall, we expect the stock to breakout and test new resistance at 3.057.
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) 10-05-2024 12:30