Short term view - MEDIOBANCA : The major support has been reached, it causes the bounce.
The trend is still bullish, the invalidation level is below €8.200. The target is at €9.470.Arguments :
- The major support has been reached, it causes the bounce.
- The resistance has been reached, it causes the fall.
- The moving average is supporting prices.
Mediobanca Banca Di Credito Finanzario's core businesses are lending and investment banking. Co. helps its clients by providing them with advisory services in addition to medium-term bank credit. Co. is the parent company of the Mediobanca Banking Group, which has operations in consumer credit, retail banking, leasing, and private banking. Co.'s business divisions are comprised of: Corporate and Investment Banking, which comprises Wholesale Banking and Private Banking; Principal Investing, which brings together all equity investments in associates (IAS28) and available for sale assets; and Retail and Consumer Banking, which comprises consumer credit and retail banking activities.
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