We could see a rebound of 10% imminently in the Spanish selective
Repsol (+ 15.68%) rises strongly and manages to overcome the resistance of 6.77 euros, highs of the last four sessions. The company seems to confirm the start of a rebound that could extend to the level of 9 euros. It is certainly a value to keep in mind in future sessions.
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Strong rebound of 12.01% in the Santander which manages to close above the first resistance level presented at 2.22 euros. The bank confirms the start of a rebound after a 50% slump in the past month. For the next few days we could end up seeing a rebound to the highs of the bearish gap that was left last 12th at 2.74 euros. This represents increases of 15% from the closing prices of this Tuesday.
Inditex it rises 12.24% and manages to pulverize the resistance of the 22.30 euros. The value confirms the start of a rebound after a 42% crash. For the next few days it is very likely that we can end up seeing an extension of the earnings to the level of 27 euros.
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