Traders, Bears are exausted after the huge bearish candle. Looks like the bulls are taking over. Already long on this one after the last engulf at the rounded bottom! Looks prommossing! Best regards
I would like to receive opinions on my long position on Ebro Foods: Do you think it is time to close long positions?
The Price has reached the minimum target for the double top pattern. Eventual bullish candles can signal a rebound may start from here and long positions with stop loss at 13 euros can be open.
I will wait for Almirall to reach the 13 euros to consider long positions.
My new long trade is Bankinter. The last weekly candle is very bullish. The SL is below 6 euros an th first target is at 7.4 euros.
Interesting pullback to support trendline now turned into resistance. Price evolution around this point will give clues on the next moves.
BME has been moving down for the last year, correcting about the 61.8% and developing within a well defined channel. Long position could be activated above 30 euros.
Almirall is showing weakness. The double top target is around 12.6 - 13 euros. An important SL has been breached.