Milan: MFE B firmly on the rise
(Teleborsa) - Definitely a good session for the broadcasting television mass media company as it trades +6.94% higher.On a weekly basis, the stock is trending higher than the FTSE Italia Mid Cap. The performance of MediaForEurope, in fact, has been higher than the related benchmark index.
The medium-term analysis confirms MFE B's positive trend. Yet, the short-term chart reveals a slowdown of the bullish trend at the test of the 3.565 high. First support is seen at 3.345. The technical outlook is for a negative development in the short term towards the 3.207 support.
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) 04-18-2024 09:35 AM