Milan: negative performance for MFE B
(Teleborsa) - A bearish session for the broadcasting television mass media company as it posts a -2.37% fall.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.
The medium-term picture confirms that MFE B is in a positive phase. In the short-term chart the bullish tendency is less pronounced as prices test the high of 3.967. First support is at 3.825. The technicals favour a bearish development towards the imminent low of 3.777 in the near term.
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) 05-24-2024 09:35 AM