Milan: Telecom Italia moves up
(Teleborsa) - The Italian tlc company puts in a decidedly bullish performance, gaining +2.3%.For good or for bad, Telecom Italia's movements during the last week have followed the FTSE MIB's trend. Thus the reference market currently has a greater influence on the share price than any company-specific news.
The technical scenario for Telecom Italia shows a continuation of the downtrend to test support at 0.2232 Euros, with a resistance area at 0.2293. The bearish pattern suggests that new lows will probably be tested in the 0.2196 area.
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) 04-22-2024 09:35 AM