Short term opinion: Consolidation
Short term Evol.:
Mid term opinion: Limited decline
Mid term Evol.:
Supports: 8.817,00 / 8.615,00 / 8.355,00
Resistances: 9.120,00 / 9.262,00 / 9.512,00
IBEX ST: range.
Long positions above 8817 with targets at 9120&9262 in extension.
Our preference:long positions above 8817 with targets at 9120&9262 in extension.
Alternative scenario:below 8817 look for further downside with 8615&8355 as targets.
Comment:the RSI lacks momentum. The index price has completed its pullback and is now challenging its support around the 50DMA and the lower Bollinger boundary.
Supports and resistances:
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autoritédes Marchés Financiers and registered with ORIAS under number 17005458.
Written on 02-11-2019 at 09:54 UTC+1
Price reference: 8945 last known on 02-11-2019 at 09:54 UTC+1
Investment horizon: ST
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://www.tradingcentral.com/terms-of-use/
Copyright 1999 - 2019 TRADING CENTRAL
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|