Milan: MFE A extends rise
(Teleborsa) - The Broadcasting television mass media company comes out on top as it trades +7.26% higher.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of MediaForEurope, in fact, has been higher than the related benchmark index.
MFE A's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 3.061 area. Support is at 2.953. Further positive moves would support the case for a new high in the 3.169 area.
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) 11-21-2024 09:35 AM