Let's understand, however, the reasons why we talk about actions close to price explosions and directed towards historical highs.
Further information on Italgas is available at the following link, click here.
News and news from the economy regarding Italgas
Italgas announced that it has closed the eleventh consecutive quarter of growth. A track record that probably has no equal. Apart from the cold numbers that testify the continuous growth of the company, we recall the efforts that Italgas is making to develop a business model inspired by criteria of environmental, social and economic sustainability. All this, as the managing director pointed out, led Italgas to be included for the first time in the Dow Jones Sustainability Index World.
Graphic analysis and forecasting
Italgas (IG) closed the November 8th session at € 5.896, up 1.17% compared to the previous session.
The projection in progress, daily time frame, is bullish and is directed towards the 1st price target in the area € 6.0732. The breach of this level of trading would open the door to a continuation of the increase up to € 6.5625 (2nd price target). The achievement of this goal would lead to the update of the historical maximums currently in the € 6.3 area and marked in July of 2019.
The bears could get the upper hand only with daily closures lower than € 5.77771.