It's not very common to see a Spanish dividend stock performing like this these days but the Australian fund IFM is trying to increase its stake in Naturgy and nobody is willing to sell the stock cheap. From the technical analysis perspective, there are no resistance level until last highs of 2007 (38.83). Although we are in overbought territory, we don't...
Checking the hourly chart, It seems it will go long during the next 2-3 days but I'm not sure it's a general trend.
My opinion in the medium term it will remain lateral until the industry in Spain goes back to a regular production and then increase the electrical demand.
