Milan: MFE B takes off
(Teleborsa) - A top performance from the broadcasting television mass media company as it trades +7.48% up.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.
The technical status of MFE B shows that the security's performance is increasing in the short term, with the first resistance area identified at the 4.76 Euros level. There is the risk of a possible correction towards the target of 4.434. Yet, we expect a rise of the bullish trend line towards the resistance area at 5.086.
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) 07-11-2024 09:35 AM