In weekly graphic, the IIBEX 35 has had falls in a week in which it has quoted above 13,446.40 points, a level that could lose “completing a candle similar to that of the beginning of March so we could not rule out that next week we attend a continuity of the falls to which we are attending,” says Nieto.
The price continues far from the 30 -week mobile average “and the oscillator continues at extreme overcompra levels and, for the moment, attenuates its bullish slope threatening to activate descending cuts in the coming weeks that allow cleaning the levels of extreme envelope. We could be before a few weeks of prudence in Ibex 35 since consolidation could clean extreme overcompra levels with support to be monitored at 12,664.60 points.
In daily graphic it looks like last Tuesday the price ended above 13,464 points, but then the price drilled those levels “so we could have attended a bullish plot that would be confirmed When the price ends a session below the minimums last Friday, at 13,213 points. Monitor this main level of support for a return to the low in the IBEX 35 that approaches the bullish guideline started on December 20 and the 13,050-12,997.10 points. The MACD oscillator is producing descending cuts in newspaper, so at the moment we consider that tests will be produced at 13,213 points in upcoming sessions, ”says the expert of investment strategies.
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