Ibex
IBEX35 | PERFECT PULLBACKWe have seen spain pulling back to 9230 resistance.
Care with new lows and try to catch a great entry at 7500.
Happy trading!
Spain could finally see a bounceIf we check how volume is increasing we can detect some panic around. We should spect some kind of hard bounce around this levels or 7500 levels.
Regards.
Wait for long signalDivergence has been corrected. It would be ideal open the position at the last minimum but I was waiting for the confirmation. That will be when the RSI touches the yellow dotted line. It should not break it and define the RSI trend.
The trade has a very tight stop because we are assuming the floor before it is consolidated, so is a risky spot to enter.
in the long run this would be the first wave of 5 (circle), first wave from a very small grade. Below the last minimun 7756 the analysis would be incorrect.
GAMESA | CLEAR HOLDWell... I guest most or all of my followers wont know what share is this. Gamesa is a share at the spanish index. I've compared this one with it's index.
Gamesa is also in talks with Siemens to create the biggest eolic company. The price jumped 20% the 29th of Jan.
We could see the price going up (even if there aren't news from Siemens) thx to the bounce coming in the next days due to the oversold and panic.
Would be a share to take an eye on it and a nice hold during the negociations with Siemens . Price could be between 17-19 per share.
Regards and Happy trading!
Ibex35 still very bearishSupport values at 7500 level from 2012-2013 are at the very long direction of the index.
The IBEX35 should go to 7500 before any serious "bull" approach
IBEX 35 ShortWell... After all this news, this index is so overbought and on critical levels of resistance, we should see this one going down sooner than later.
Regards
Long Spain after broken important resistance and bullish pin barUPDATE 5/5: Stopped out on both positions. Result: -2R
Two entries:
1. Buy limit half of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 3,5:1
2. Buy stop top of 26/03 pin bar, s/l under horizontal support, t/p around highs on monthly chart, R:R 2:1
Let the euro QE roll...
