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Ibex

SPANISH SHARES BANCO POPULARAfter a good impulse, a flag contracting pattern is being formed. I am expecting this to trully rise, the reward on this type of shares is insane, as they are less than 1 unit, you can buy a lot of units and every cent it moves, gives you an insane reward. There is two possibilities, buy in the E or buy the break out. I will personally probably buy the E as I am a risky guy and I want to make the most of this. By the way I already have a long term position on this with 2k shares at 0.96. expeting to rise to 1.3 to make at least 700 bucks. Have a great week.
PLong
by lluiszardoya
2
IBEX35. Unfinished spanish businessI normally don´t watch local TV but fortunately saw the news last week while I was having a lunch. Spanish GDP is growing 3.2% since last year and I heard almost the same words that I heard in 2007: we are in front of Europe, the crisis is behind... and else, and else, and else... Just wanted to have a look at Ibex35 index, to see whether I missed some wonder or if somebody gave Spain several hundred Billion to restore the economy. UNfortunately, I haven´t missed anything and the 22% of unemployment talks for itself. From technical point of view, I can see a long-time H&S pattern which is still pending to be developed and drop spanish economy to the levels of the late 90s. And, in real numbers, to much lower than that because in late 90s there were no abysmal sovereign debt. Talking about the numbers, I expect IBEX35 to raise back to 11.000 area that is where the Hagopian line is placed. This is a psicological value for those who follow the spanish market. Once there, their voices claiming the crisis is over will be heard from every bar: a classical situation with 80%+ of the bulls. We all know what market does when such a thing happen... I would short IBEX35 from 10800 approximately, targeting as low as 3000 ish by 2-3 years as much. And hope there will be a broker who would pay for such a big short.
TVC:IBEX35Short
by captain_smollett
LONG POSITION ON IBEX 35 - SPANISH GOVERNMENT ABOUT TO FORMHERE WE HAVE THE IBEX 35 INDEX IN A VERY SIMILAR WAY TO SANTANDER BANK. ALSO CHECK MY LAST ANALISIS ON SANTANDER FOR A GOOD TRADE OPPORTUNITY. IF THE GOVERNEMENT IS FINALLY FORMED BY POLITICAL PARTIES PP + CIUDADANOS THE BIG INVESTORS WILL COME BACK TO SPAIN AND INVEST THEIR MONEY AGAIN, THAT WILL MAKE THE IBEX 35 INDEX GO UNTIL THE CLOUDS. THE OTHER IMPORTANT EVENT WILL BE THE FINAL DECISION ON BREXIT. IF UK STAYS IN EUROPE THE IBEX 35 AND THE IMPORTANT SPANISH BANKS WILL RAISE THEIR VALUE AT THE SAME TIME OF THE SPANISH INDEX. MY CONCLUSION. I AM WAITING UNTIL THE HORIZONTAL LEVEL IS FINALLY BROKEN AND RETESTED AS YOU SEE IN MY ANALISIS. IF THAT HAPPENS THE BUY LIMIT ORDER WILL OPEN AND A LONG TRADE CAN BE MANAGED INTO A GREAT PROFIT UNTIL THE IBEX REACHES THE 10.000 REISITANCE AGAIN, THE POINT WHERE IT WAS BEFORE THE SPANISH ELECTIONS AND THE BREXIT. LET ME KNOW WHAT YOU THINK! CARLOS
TVC:IBEX35Long
by ccerezo11
5
IBEX 35 | Corrective structure about to endWell... This chart is a difficult one. We have a long term bearish channel and a mid term bullish support (Acting like a corrective structure) We also have in the short term an inversed flag/corrective structure that could end both ways, being broken upside or downside. Anyway as it's an inversed flag it should break downside wich means bullish mid term support must be broken. We could spect a new wave downside if this happens so my decision on this chart is... Short on breakdown and if breaks upwards, short on top of the channel. Regards and happy trading!
FX:ESP35Short
by UnknownUnicorn129775