Short term opinion: Limited rise
Short term Evol.:
Mid term opinion: Limited decline
Mid term Evol.:
Supports: 8.860,00 / 8.730,00 / 8.615,00
Resistances: 9.262,00 / 9.512,00 / 9.671,00
IBEX ST: caution.
Long positions above 8860 with targets at 9262&9512 in extension.
Our preference:long positions above 8860 with targets at 9262&9512 in extension.
Alternative scenario:below 8860 look for further downside with 8730&8615 as targets.
Comment:the RSI is above its neutrality area at 50%. The index price escaped from a bearish channel and is now approaching from the horizontal resistance threshold at 9262. The 20/50DMAs just validated a bullish cross. A pullback cannot be ruled out towards 8860.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-28-2019 at 10:01 UTC+1
Price reference: 9140 last known on 01-28-2019 at 10:01 UTC+1
Investment horizon: ST
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Legend: * = Intermediate level ** = Strong level *** = Very strong level
|Date/Time||Name||Last||Short term opinion||Short term Evol.||Mid term opinion||Mid term Evol.|
|25/02/2019||IBEX||9.252,00||Limited rise||Limited decline|
|28/01/2019||IBEX||9.140,00||Limited rise||Limited decline|
|21/01/2019||IBEX||9.030,00||Limited rise||Limited decline|