According to market strategist Ramon Bermejo, the Iberdrola is showing positive short-term signs at technical levels. The stock has described a hammer pattern which was valid on 12th and yesterday formed another hammer pattern which was valid today, so it may continue to rise in today’s session and tomorrow’s session.
Following objective levels, taking into account that it has an upward channel on the one hand and a double minimum pattern on the other, apart from a gap up to 12,505 euros, the price may first recover a little over 5% and then more than 12% Towards the target of the double bottom pattern at 13.36 Euro.
A consensus of analysts collected by Reuters recommends Buy to Iberdrola at a target price of 12.04 euros, representing a twelve-month potential of 1.18%.
you are interested
Follow the markets professionally with analyst Ramon Bermejo Clemente, who analyzes the main markets from a technical and macroeconomic perspective. you can save your broadcasts in real time and analysis of the main functions, indices, raw materials, currencies and main macro data that are carried out in its issues.
there is also a Stock portfolio with global-macro philosophy The following actions are based on which megatrends and macroeconomic trends are in their favor.
find us zona premium And you will see a way to follow the markets.
[ad_2]