Juventus shares to be included in the Ftse-Mib

It seems so, Mediaset and Mediolanum will give their place to Juventus.

At the end of yesterday's trading, the Andrea Agnelli club's shares recorded a 9% rise.

New growth opportunities are opening up, in my opinion, different funds and investment banks could show great interest, as for example Merill Lynch who recently came in with 1.15%.

Furthermore, various Exchange Traded Funds that track the Italian FTSE MIB would start buying the shares as part of their mandate.
On a technical level, what are the points to keep an eye on? 

The area of resistance where we are now for example, was tested yesterday, is not only an important technical level, but also volumetric. An upside break could open up new bullish spaces, but if there were any further downward movements, I would keep an eye on the 0.900 level to go Long.

What do you think?

Article written by: Riccardo Zago

 

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