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The Ibex, about to leave behind the resistance of 9,700 points


The Ibex has been placed at the gates of the 9,700 point resistance. Above this, the road is clear to 10,000 points and even higher levels.

Technical analysis

Short term

Medium term

Long term

The Ibex It is placed at the gates of the important resistance it presents at 9,700 points (the maximum of 2019). Although in the very short term, we have a small support in the bullish hollow of last Friday's session at 9,570 points. In any case, the key is in the 9,700. Since closing above in the next few days we will have a new and interesting sign of strength, aiming in the area of 10,000 points as resistance zone. Although this is rather a psychological zone, a nice round number. The upper part of the bullish channel, by definition of resistance, through which the Ibex has been moving since August, currently passes through 10,070 points. The oscillating stochastic moment has clearly turned upward and still has enough travel before approaching overbought levels.

. (tagsToTranslate) Ibex (t) point (t) leave (t) behind (t) resistance (t) 9,700 (t) points (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis ( t) Category: Pulses (t) Category: Analysis (t) Category: Market Pulse

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