Milan: negative performance for MFE A
(Teleborsa) - Negative trading results for the broadcasting television mass media company as it declines -2.01%.The technical scenario for MediaForEurope in the last week shows the security lagging behind the FTSE Italia Mid Cap. As compared to the related index, the security has shown a lower performance.
New technical evidence points to a decline of MFE A's stock price, which could hit the most immediate support seen at the 2.803 Euros level. However, a sudden rebound would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 2.857 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 2.783.
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) 05-09-2024 09:35