Bolsas Y Mercados Espanoles ST: short term rebound towards 16.7
15/06/2012 05:08
Our preference: short term rebound towards 16.7.
Our pivot point is at 13.8.
Our preference:short term rebound towards 16.7.
Alternative scenario:the downside breakout of 13.8 would call for 12.9 and 12.4.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day MA (14.83) but under its 50 day MA (16.24).
Supports and resistances: 17.3 * 16.7 ** 16.2 15.06 last 14.2 13.8 ** 12.9 *
