Milan: MFE B takes big strides

(Teleborsa) - A top performance from the broadcasting television mass media company as it trades +12.3% up.

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 +16.8%, versus a +3.31% gain in the index).

Short-term analysis of MFE B confirms that the security's bullish phase is to continue, with immediate resistance seen at 4.581 Euros and the first support identified at 4.145. Technically, we can expect further upward movement towards new highs in the 5.017 region.

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) 19-09-2024 12:30