Álvaro Nieto, a technical analyst for investment strategies, emphasizes that we have the IBEX 35 completing the formation of a Dogi candle, which can mark important levels of uncertainty for a continuity of the upward movement.
And it would be a movement similar to what occurred after the Dogi candle, which was established in the middle of last May, which began the side channel that remains over 14,370 points and 13,655 points.
Therefore, although it has exceeded 14,370.80 points, as the weekly candle has ended below that level, We can attend new tests to the lower side of the lateral channel over the next weeks.
We could be facing a ‘bullish trap’, so we will have to be pending and monitor the environment of 13,737 pointsbecause, for the moment, the MACD oscillator keeps active descending cuts if it maintains extreme overcompra levels.
Consider, as The most likely scenario that the price can continue to be integrated into this lateral channel in the coming weeks And that the price is approaching with the simple mobile average of 30 weeks, which maintains its positive slope.
Here you can find the detailed technical analysis of the 35 companies that make up the Ibex