The technical figure Pennant can be found in the Italian company Moncler (MONC.mi) at daily chart. Moncler is an Italian luxury fashion brand with French origin mostly known for its skiwear. The Pennant has broken through the support line on 02/04/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 6 days towards 46.860 EUR. Your stop loss order according to experts should be placed at 52.86 EUR if you decide to enter this position.
Moncler reported revenues that surpassed the 2-billion-euro mark, rising 44 percent compared with 1.4 billion euros in 2020, eight years after its initial public offering and through a global pandemic. Net profit climbed 37 percent to 411.4 million euros, compared with 300.4 million euros in 2020. Compared with 2019, it grew 14.7 percent from 358.7 million euros. The group also touted a free cash flow of 550.3 million euros, above pre-COVID-19 levels and compared to 195.5 million euros in 2020.
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Moncler reported revenues that surpassed the 2-billion-euro mark, rising 44 percent compared with 1.4 billion euros in 2020, eight years after its initial public offering and through a global pandemic. Net profit climbed 37 percent to 411.4 million euros, compared with 300.4 million euros in 2020. Compared with 2019, it grew 14.7 percent from 358.7 million euros. The group also touted a free cash flow of 550.3 million euros, above pre-COVID-19 levels and compared to 195.5 million euros in 2020.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.