Short term view - MEDIASET : The descending resistance has been breached.
The previous high has been passed, the bullish trend is confirmed. The next target is at €3.500. The invalidation level is below €3.181.Arguments :
- The descending resistance has been breached.
- Prices are breaking above the moving average, it is a sign of strength.
- The bullish gap opened as prices break out of the pattern announces a rally.
Mediaset S.p.A. is a joint stock company. Co.'s majority shareholder is Fininvest S.p.A. Mediaset is a multinational media group. Its core business is commercial television broadcasting in Italy and Spain. In Italy, Co. has two main areas of business: Integrated television operations and Network infrastructure services and management. In Spain, Co. is the main shareholder of Mediaset Espana, a Spanish commercial television broadcaster with two main general interest channels (Telecinco and Cuatro) and a range of six free-to-air thematic channels.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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