Medium term view - TELECOM ITALIA : The major resistance has been reached, it causes the fall.
The previous low has been broken, the bearish trend is confirmed. The next target is at €0.4655. The invalidation level is above €0.9160.Arguments :
- The major resistance has been reached, it causes the fall.
- The falling moving average confirms our opinion.
Telecom Italia is a telecommunications group based in Italy. Co. is engaged in the communications sector and, particularly, the fixed and mobile national and international telecommunications sector, the television sector and the office products sector. Co. operates mainly in Europe, South America and the Mediterranean Basin. Co.'s operations are organized along two operating segments: Domestic - Italy (providing telephone and data services on fixed-line and mobile networks for final customers (retail) and other operators (wholesale)); and Brazil (operates in the mobile phone, fixed telephony, in long-distance and data transmission markets in Brazil).
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