The increases above 4% that accumulate the vast majority of reference selective in Europe in the last sessions have allowed them to approach and be stuck to the levels at which they moved before the start of the correction they starred in the early month.
Eurostoxx 50, in fact, has recovered 80% of the last fall that took him from the 5,568 at 5,294 points. “The continental selective is choosing to relieve the overblain consuming time giving bandages laterally instead of doing it through a quick and intense fall,” explains Joan Cabrero, technical analyst and strategist of ECOTRADER.
In this sense, from the operating point of view, the optimal to buy a good profitability/risk equation would be waiting for Eurostoxx 50 ” 5,150 points“, says the expert who explains that at the current levels those investors interested in increasing their position in the index should think that the overcompra derived from the strong increases in recent weeks decreases.
The IBEX 35 already touches the maximum of the year
He Ibex 35meanwhile, accumulates a progress greater than 4% from monthly minimums marked last week and quoted already attached to the highest levels of the year. In fact, it is just over a tenth of those 13,373 integers marked at the dawn March.
The Spanish selective is giving in the last hours signs of strength technically speaking, which reinforces the idea that “an eventual fall will be a simple phase of digestion of the last and strong increases, after which most likely it is that the increases have continuity.”
However, this fortress does not invite the Spanish stock market exposure to be increased from an operational point of view, according to the portal for the election -inomista.es investors. “The ideal is to wait for the IBEX 35 to seek support to the bullish guideline who has been guiding the increases in recent months and that runs for the 12,000/12,135 points“, points the expert of ECOTRADER.
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