José Antonio González, an investment strategy market analyst states that, in the case of IBEX 35, which was developing this week, very +4.58% progress until Friday morning, with a weekly candle that is being able to overcome the maximum of 14,370 and the maximums of last week, the 14,598 points, clearing the doubts that left us last week with that wide upper shadow located in the ceilings cited of the 14,370 points.
For its part, the weekly MacD, Despite extremely overcompra readings, next ascending cuts glimpseswhich would reinforce the reactivation, both in time and form, of the process unquestionably positive or bullish that presents the main stock index of our country.
In this way, we can project a very short -term objective from the width of the small tertiary or short -term range, obtaining that potential Objective of theoretical promotion in the vicinity of the 15,040 points.
We understand that, in the next sessions/weeks, it is highly likely that the selective manages to overcome the psychological level of 15,000 points.
As long as we do not see weekly closures below the level of 13,737 points, The first support zone, we continue to consider that the short -term correction risks by the IBEX 35 would remain fully limited.
Here you can consult the weekly technical analysis of the 35 Ibex values