Milan: MFE B gaining ground
(Teleborsa) - A spectacular surge from the broadcasting television mass media company as it records a bullish +5.45% increase.Comparing the share price trend with the FTSE Italia Mid Cap on a weekly basis, we see MediaForEurope maintaining relative strength over the index, as it exploits a greater performance than the index (weekly share performance of +5.29%, versus a +0.03% gain in the index).
While the medium-term picture confirms MFE B's negative trend, the short term reveals the possibility of a timid upswing to first resistance in the 4.429 area. First support is identified at 4.155. Further positive cues could signal an upward movement with a target of 4.703.
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