OVS in rally at Piazza Affari, assistance from accounts and halt in Coin purchase negotiations

OVS in rally at Piazza Affari assistance from accounts and

(Finance) – Rise for OVS extensionwhich changes hands with a strong gain, exceeding the previous values ​​​​of 13.81%, after preliminary 2022 accounts higher than the consensus and the announcement of the halt of the negotiations for the acquisition of Coin.

“The OVS group confirms the commercial value of the Coin brand and network, but while continuing to evaluate the opportunities for external growth that the market will offerprefers to continue with the significant deleverage action which, in this market context and also in the light of current prices, appears to represent the best interest for its shareholders“.

The analysis of the stock performed on a weekly basis highlights the bullish trendline of clothing leader in Italy more pronounced than the trend of FTSE Italia All-Share. This expresses the market’s greater attractiveness towards the stock.

The technical framework of OVS extension suggests an extension of the bearish line towards the floor at 2.375 Euros with the ceiling represented by the 2.573 area. Forecasts are for a prolongation of the negative phase to test new lows identified at 2.243.

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