Milan: Saipem in free fall
(Teleborsa) - Heavy losses for the Italian oil and gas industry contractor as it loses a -4.5%.The weekly analysis of the security and the FTSE MIB shows Saipem losing relative strength against the index.
Saipem's short-term technicals show its bullish trend running out of steam as it tests resistance at 2.223. First support is seen at 2.062. Expect a negative continuation towards the 2.003 level in the immediate future.
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) 04-23-2024 09:35 AM