Milan: downbeat day for MFE A
(Teleborsa) - The Broadcasting television mass media company slides steadily, trading -3.79% down on previous levels.In the weekly comparison, MediaForEurope's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
The short-term technical picture for MFE A shows an acceleration of the uptrend towards a target of 3.511 Euros. A possible decline to 3.353 would represent a temporary correction and would not compromise the strength of the current trend. Expect an extension of the bullish trend line towards the 3.669 level.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 07-12-2024 12:30 PM