Short term view - SALVATORE FERRAGAMO SPA : The major support has been reached, it causes the bounce.
The trend is still bearish, the invalidation level is above €25.60. The target is at €21.70.Arguments :
- The major support has been reached, it causes the bounce.
- The resistance has been reached, it causes the fall.
- The moving average is capping prices.
Salvatore Ferragamo creates, produces and sales goods for men and women: footwear, leather goods, apparel, silk goods, jewels, other accessories and fragrances. as well as eyewear and watches manufactured under license by third parties. Co. sells its products through: a network of single Salvatore Ferragamo brand stores, managed both directly and by third parties; and presence in department stores and multibrand specialty stores. Co.'s fragrances product category involves the creation, development and production of fragrances and related products under the Salvatore Ferragamo brand. Co. is also active in the licensing of the Salvatore Ferragamo brand and in real estate management.
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