The IBEX 35 ended the week with slight increases of 0.4%, trading around 11,965 points, and was unable to achieve its main objective of closing above 12,038 points, a scenario that would have opened the door to to be able to witness attacks during the next week at around 12,240 points.
By ending the week below 12,038 points, The trend will continue to be bullish, but the probabilities of being able to witness attacks around 12,240 points during the next week will be lower.since the price could complete the formation of a new doji candle on the weekly scale, which would be giving us signs of indecision on the part of purchases in the face of a continuation of the bullish movement.
For the moment we can maintain as the main support level the area of 11,794.20 pointsas well as the lows of the week that began on December 2 in the area of 11,581.40 points.
The MACD oscillator of the Ibex 35 remains with ascending cuts activated, but it is slowing down the positive inertia, so it would not be ruled out that we could attend the activation of descending cuts again in the next sessions.
For its part, we have the 50-week simple average passing over 11,730.35 points and it is another important support level for the coming sessions.
Access the complete analysis of the basket of values that make up the Ibex 35.