Sycnox

Sycnox

The trend is fighting with a resistance and 50$ will be a trouble, stop loss arround 51,52~ dont risk too much on it.

Sycnox

The uptrend looks corrective, the chances of a big wave short are high. I expect the uptrend to end with a false break of 15000~.

Sycnox

Triple divergence RSI, MACD daily is weak for longs. The channel is a resistance.

Sycnox

Ibex long movement looks corrective so the odds of a continuation of coronavirus downside are high.

Sycnox

After that big upside movement the chances of a correction are high and the profit/loss rate is so nice for us. (10000, little channel and pre-coronavirus top should do their work).

Sycnox

Inditex is doing a pullback to 200 moving average, so the profit/loss rate is so nice. Stop loss arround 27€ so we dont risk so much.

Sycnox

As tittle said looks like ibex is doing a flat wave, so there is a nice risk/profit ratio. The channel and 10.000 should be a big resistance (I expect there a big wave short)

Sycnox

Ibex is fragile right now, shorts have a nice chance at this area. Objetive 8800/8700 (61% of the wave).