Milan: downbeat day for MFE B
(Teleborsa) - Negative trading results for the broadcasting television mass media company as it declines -2.28%.MediaForEurope's weekly trend is more sluggish than the benchmark's movements, showing a downswing performance in comparison to the related FTSE Italia Mid Cap index.
Although the medium-term structure still looks good, the short-term view shows signs of a contraction, as the security is held in check by resistance identified at the 4.271 level. Support at 4.161 is holding strong. Overall, the situation could warrant a continuation of the consolidation phase towards the 4.125 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) 10-03-2024 12:30 PM