Milan: positive day for MFE A
(Teleborsa) - Another bullish cue from the broadcasting television mass media company as it trades with a good +2.22% gain.In the weekly comparison, MediaForEurope's trend is more pronounced than the FTSE Italia Mid Cap trend line, revealing a greater performance when compared to the index.
The medium-term technicals still have a bullish cadence, while in the short term the obvious difficulty of breaking above the 3.073 level is dampening the stock's performance. The immediate support level of 2.987 is still intact. The most coherent outlook is for a continued corrective move towards the 2.933 level in the near future.
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) 12-18-2024 12:30 PM