Stock market crash Tenaris: the producer of pipes for gas exploration and production lost around 10,30 more than 5% in Piazza Affari, at 16,27 euro, with booming trading of over 3,2 million shares. Tenaris pays for the rejection of Banca Akros, which lowered its rating to hold from the previous add.
The decision of the US Department of Commerce also weighed on the stock, which decided not to impose duties on South Korean producers, penalizing US companies or companies based in the US (including Tenaris). Tenaris' scenario on a weekly basis shows a loosening of the curve with respect to the strength expressed by the Ftse Mib.
This retreat could make the title subject to sales by operators. Technically, the company that operates in the iron and steel sector is in a strengthening phase with a resistance area seen at 16,26 Euros, while the most immediate support can be glimpsed at 16,07. At an operational level, a continuation of the session under the banner of the bull is expected with resistance seen at 16,45. The indications are to be considered mere information tools, and are not intended in any way to constitute financial advice, solicitation of public savings or to promote any form of investment.
