The Ibex initially fell during the day on Thursday, but found enough support at the €10,150 level to turn back around and break out to the upside. We have
The Ibex initially fell during the day on Thursday, but found enough support at the €10,150 level to turn back around and break out to the upside. We have cleared the all-important €10,300 handle, which is our signal to start buying this market. We believe that we eventually go to the €11,000 level, and as a result we are in fact very bullish of the Ibex at the moment. We even look at pullbacks as potential buying opportunities, so as a result we have no interest in selling. With this, we are very bullish of Spanish stocks.
Ibex Forecast October 24, 2014, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
