In the weekly Ibex 35 graph, we observe that in recent weeks Ibex is finding ceilings in the area of 13,446.40 points. Despite recent uncertainty, the technical aspect is still positive. However, the appearance of multiple DOJI candles on the weekly scale reflects doubts among buyers about the continuity of the upward movement.
However, in the medium term we will continue to maintain the Positive attitude in Ibex 35 while the price does not finish any weekly sail below 12,664.60 pointssince if this level is perforated, it can imply that it can seek support to the area of 12,153 and 12,030 points, which would mean important falls of approximately 3-4%. So this is the First level of support for medium and long term in the IBEX 35.
In the daily temporary scale graph, we can observe that The IBEX is completing the side channel between 13,464 and 12,664 points. For this reason we monitor as Main level of support for the medium and long term The 12,664 points: if this level was perforated, an important bearish objective would be activated in the main Spanish stock market index. Meanwhile, in the short term we consider as first Important support levels The area of 12,997 and 13,050.40 points.
Thus, while Ibex 35 does not finish any session below 12,997 we can maintain the most likely scenario that the price can attend again Attacks to the 13,446 area and 13,464 pointsthereby activating an important objective if the price manages to finish a session above 13,464 points.
Access the full analysis of the basket of values that make up IBEX 35.