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MásMóvil presents an optimal risk-return equation

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The continuous downward drip of recent months has led to the price at the gates of the important support it presents in the environment of 18.60 euros.

Technical analysis
GAP ALCISTA
S1
18.60
S2
17.90
R1
20.48
R2
21.72

Short term

Medium term

Long term

MoreMobile He has subtracted, almost entirely, everything he won in just over a week at the beginning of October and that led to the title from 18.60 to 24 euros. And it has dripped down continuously. And now we find the fact that the price is very close to the support area that it presents in the bullish hollow of 18.64 euros (session of October 1). That is the level of support that you have to respect at all times if we somehow want to maintain the hope that you try again to address the resistance of 24 euros. Although to have confirmation that the worst could have happened for the title we need it to jump, in closures, above the resistance of 20.68 euros. The strong daily oversold reaffirms us in the idea that the price should begin to rebound strongly.

Daily chart of MásMóvil since May

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