Short term opinion: Consolidation
Short term Evol.:
Mid term opinion: Limited decline
Mid term Evol.:
Supports: 8.860,00 / 8.730,00 / 8.615,00
Resistances: 9.150,00 / 9.262,00 / 9.512,00
IBEX ST: range.
Long positions above 8860 with targets at 9150&9262 in extension.
Our preference:long positions above 8860 with targets at 9150&9262 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 is consolidating below the horizontal resistance threshold at 9262. A pullback is ongoing towards the 50DMA at 8878. Consolidation range 9262 - 8860
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-04-2019 at 10:18 UTC+1
Price reference: 8983 last known on 02-04-2019 at 10:18 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|