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IBEX 35 CFD
Predictions and Analysis
Inditex is facing a great bullish momentum: Fundamental: After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership. Technical: -Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level...
#Ibex35 still #Spanish political problems but does the index look good value in the months ahead compared to its other European cousins?
8726 level support has a bullish candle confirming my bullish bias, the perfect buy would of been at the 856 level. That bearish engulfing void candle at 12pm was just there to take out stops, the 4 hour block has been violated so this shows uncertainty because price has dropped on 8830 level and has also shown bullish action before. 1 hour time frame confirms my...
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