Short term view - DAVIDE CAMPARI-MILANO SPA : The moving average is capping prices.
The trend has been momentarily interrupted by a correction. It approaches the resistance at €6.233, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at €5.460. The invalidation level is below €6.550.Arguments :
- The major support has been shortly breached, but it is now reinstated. Prices can bounce.
- The moving average is capping prices.
Davide Campari-Milano is engaged in manufacturing spirits industry with an extensive product portfolio in three business lines: spirits, which includes internationally brands such as Appleton, Campari, Carolans, SKYY vodka and Wild Turkey, as well as brand in local markets including Aperol, Cabo Wabo, Cynar, Frangelico, GlenGrant, Ouzo 12, X-Rated Fusion Liqueur, Zedda Piras, and Brazilian brands Dreher, among others; wines, which main regional brands are Liebfraumilch, Mondoro, Odessa, Riccadonna, Sella&Mosca and Teruzzi&Puthod; and soft drinks, which covers the extended ranges of Crodino and Lemonsoda. Co. operates in 190 countries with registred positions in Europe and the Americas.
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