Milan: MFE B moves up
(Teleborsa) - A lively session for the broadcasting television mass media company, which makes a big leap forward gaining +3.53%.The analysis of MediaForEurope's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is showing a greater performance than the FTSE Italia Mid Cap.
According to the short-term technicals, MFE B will continue its positive development to test the resistance area of 4.524 Euros. There is the possibility of a decline to the 4.36 low. Overall, we expect the stock to breakout and test new resistance at 4.688.
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) 23-09-2024 12:30