As mentioned in a previuos post about Ferrovial, a new hike of the share price was likely. After a first bullish leg, the share price has moved back towards a strong support. Long trading strategies are advisable again, with stop loss below €17.98.
Good luck fellow traders
The spanish construction company share price has been consolidating around €18-€18.50 in order to try to climb new highs. The first target can be expected at €19.49, €19.90, and then €20.79 and €23.38. Stops below €17.69.
#Brexit has confirmed some bearish trends that were making signals. This still has a bearish path, a price of 17.82 cancels this analysis. For sure a good place to buy would be 13.47 but get to there will take some time maybe a couple months from now.
there would be finished the mid term bearish wave and a 5th will be in develop
