The IBEX has moved, during this week, it has continued advancing based on the main upward objective with which we have been working in the immediate vicinity of 13,090 points.
Therefore, for the moment, the technical aspect of Ibex 35 remains very positive and the price continues far from the overcompra levels reached during the first half of last year, in May and June 2024, so we can maintain the constructive attitude in the Spanish selective for the next few weeks, While the price does not finish any weekly sail below 12,101.30 points.
In the daily temporary scale graph, we have very close to the main upward objective with which we have been working in the vicinity of 13,080 points, so we have it in the area of extreme overcompra, on a daily temporary scale and we could establish a new impulse from The minimums of December 20 to the maximum of Thursday’s session, with increases of 14.72% in the last month and 24 days, so, Soon we could attend a consolidation period at the IBEX, which could be similar to that happened during the last months of last year.
Therefore, we begin to monitor the possible levels of Fibonacci of the new bullish impulse, which we are going to leave, in a very short term, as the first level of support the minimum of the session in the area of the 12,878.90 points. Hence, If next week the price is drilling that level, we could attend the attacks on the immediate vicinity, first of the 12,810.10 points and secondly of 12,664.60 points. Being already this level, a considerable support area that is found at a distance of -2.10% approx, from current prices.
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