(Finance) – Shines Telecom Italia which changed hands with an increase of 2.57%, placing itself at the top of the main basket.
The title remains in focus this week in view of the BoD on Wednesday on the timing of the CoP offer for the network. In this sense, we are also betting on the future of the group after the installation of the new government led by Giorgia Meloni.
The promotion that Banca Akros’ analysts received to “buy” also contributed to assisting the shares.
Comparing the performance of the stock with the FTSE MIBon a weekly basis, it is noted that the telephone company maintains positive relative strength in comparison with the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance + 12.83%, compared to + 3.47% of the main index of the Milan Stock Exchange).
Signs of strengthening for the short trend with more immediate resistance seen at 0.1977 Euro, with a support level to control the current phase estimated at 0.1933. The balanced bullish strength of Telecom is supported by the upward crossing of the 5-day moving average on the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards the 0.2021 level.