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Telefónica, Repsol and Santander: the Ibex majors can take the index to highs


For the next few days, the most normal thing is that we can end up seeing how the Spanish selective could look for the annual maximums drawn at the beginning of the year at 8,439 points.

Technical analysis

The considerable improvement of the technical aspect of Telephone makes us optimistic for the evolution of the company in the coming weeks. After starting the year rising above the average of 200 sessions, we are seeing signs that invite us to think about a recovery in its price series in the medium and long term. The break, a few sessions ago, of the resistance of 3.79 euros shows us the intention of the Ibex 35 company of an upcoming attack at the key level of 4 euros. Very attentive to the surpassing of this price level since a change in trend would be confirmed, which could translate into an extension of profits to the level of 4.50 euros.

Let us advise you on your investments. Try Trader Watch for free for 7 days. In the last year we accumulated a revaluation of 298.26%.

Excellent technical behavior which we have seen in Repsol this past week by overcoming the key resistance of 9 euros. The oil company ends the consolidation of recent weeks confirming the beginning of a new upward momentum. For the next few days, the most normal thing is that we can end up seeing an extension of the profits up to the level of 11 euros, which represents an additional revaluation of 15% from the current prices of quotation.

Outstanding technical improvement that we have observed in recent days in the series of prices of the Santander Bank. The entity chaired by Ana Botín managed to overcome the key resistance of 2.8660 euros. The bank ends the lateral movement of the last two and a half months. After rising above the average of 200 sessions at the end of last year, it seems that we could be facing a change in trend. The first target of rise is at 3.15 euros, prices close to 9% above the current ones and levels that we do not rule out that it may end up being reached in the next few days.


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