IBA: no signals that the downtrend is over
Although the Elliot Wave Oscillator indicates a bottom in the stage of the decline, the momentum becomes more negative. In my opinion IBA is a falling knife and a target below the 30 euros is realistic. If we get more signals that the decline is over, a long position is the best strategy to take advantage of a rebound. If the rebound is supported by a great volume, a further recovery is not excluded.
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