Short term view - REPSOL SA : Prices are breaking below the moving average, it is a sign of weakness.
The trend is still bearish, the invalidation level is above €14.850. The target is at €13.600.Arguments :
- Prices have pulled back to the major resistance level (previously a support). The fall is now resuming.
- Prices are breaking below the moving average, it is a sign of weakness.
- The double top target has been reached.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.