IBEX Index: IBEX 35 Update After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit... Now this index has come back down to the breakout zone once more for what should be one last kiss before the rally recommences. It should find support between current values at 10362 and about 55 points lower, at 10310 at lowest......
IBEX Index: Woes over Catalonia haven't really damaged this index at all. Because it ain't going to happen. They have no currency. End of. Anyway, whatever happens there, charts don't lie (more than politicians anyway). This index has been making a classic 6 month continuation pattern before it bursts higher again. Don't want to get sucked in too early but that's...
Very smooth channel, despite all the Catalunya issues.
Never in whole history Spain has been so undervalued vs DOW in euros. Toc Toc Spain is growing at the best growth ratres since last decade, and all the independence risk is "NON SENSE". Cos its illegal and non constitutional. Which companies to invest in Spain: Telefónica Target 10.10 euros per share Prosegur Inditex Tecnicas Reunidas Aedas Homes Neinor...
Spain will suffer equity inflows due to no final Referendum in Catalonia. + Possible Inverted H&S
The same pattern appeared with the CAC40 a few months ago, and just a few days ago with the Dow Jones. Let's see if this would be a magical huge short opportunity or not ...
Monday gap at 10355 Vwap at 10300 since 21th August.
IBEX35 is in a good uptrend on daily. Now it is in the middle of a correction for a potential wave up. If it fails breaking the upper trendline i'm expecting a strong breakdown.
Price broke resistance level few weeks ago. Now is testing this resistance level like a support level, if bearish price stops in this level, we can project price till the next resistance level.
Price has broken resistance level with a big volume bullish candle. Waiting for a retracement till that key level, then we can project price till the next pivots points(1,08-1,8).
After a good impulse, a flag contracting pattern is being formed. I am expecting this to trully rise, the reward on this type of shares is insane, as they are less than 1 unit, you can buy a lot of units and every cent it moves, gives you an insane reward. There is two possibilities, buy in the E or buy the break out. I will personally probably buy the E as I am a...
IBEX35, the spanish stocks index, is ready to pop but first it has to correct to a huge support zone which was a resistance for approximately year and a half. A potential Cypher pattern is pending to be completed highlighting the end of this correction, I will wait for pattern confrmation before I enter a long position. If everything is correct, will place a...