Since the maximum of July 21, in the 39.44 euros, Indra continues to draw a downward scenario in Ibex 35, in line with the rest of the European defense sector that has suffered in the heat of the Trump’s predictable negotiation with Putin to end the war with Ukraine. Today is a key day, both leaders meet in Alaska at a historical summit. Trump plans to focus on ending war and leaving at another time other issues that Kremlin has said that they could be discussed, including the normalization of relations between the United States and Russia.
Despite the correction he accumulates in the last sessionsIndra maintains an annual revaluation above 96%. From a technical point of view, «we continue to monitor the level of 35.06 euros, minimum of July, previous support and now acts as resistance. If this level continues to work as such, the following bearish objective is at 33.10 euros per share,» says Francisco Paris, technical analyst of investment strategies.
From the maximums of July 21 «it is still in a trend of maximum and minimum decline that could achieve that bearish goal. Meanwhile it continues with that negative momentum in the MACD.