The price of Inmobiliaria Colonial is activating an accumulation chart figure in the form of a double bottom today. In this way, if we see a daily closing price above €5,315 per share, a bullish objective will be activated for the coming sessions.
Colonial (COL) on a daily scale with volatility (upper center chart), MACD (lower center chart) and trading activity (lower window). Source: ProRealTime and own elaboration.
Colonial Real Estate (COL) As we have mentioned, we are attending the exceeding €5,315 per share, hence It is necessary that this improvement be confirmed at the close of business today. If this scenario occurs, the bullish objective of the accumulation chart figure in the form of a double bottom will come into play, so that We could work based on a theoretical minimum growth projection of approximately 4.70%, with a price objective in the vicinity of €5.565 per share.
In short, for the next sessions we will maintain a positive context for Inmobiliaria Colonial shares as long as we do not see daily closing prices below €5.16 per share.
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