Shares of the 8-time Italian champions fell yesterday by 6% to a four-month low at €1.27, before recovering to €1.33. Overall this could be a positive signal, as markets seem to have received and digested news of Juventus’ expected capital hike (up to €300 million over the next four years).
From a technical point of view, the first important support level is placed at €1.20, even if prices are now trying to hold €1.30. There is an intermediate support level at €1.27, which is the low reached early in yesterday’s trading.
