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The Ibex ends the year with the desire to continue with the increases in 2020

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ep bag madrid ibex-35
Madrid Stock Exchange, Ibex-35ÓSCAR DEL POZO / EUROPA PRESS – Archive

The target of rise for 2020 could be about 10%

Technical analysis
SHOULDER SHOULDER INVERTED SHOULDER
SHOULDER SHOULDER INVERTED SHOULDER
S1
9,400
S2
9,100
R1
9,800
R2
10,000

Short term

Medium term

Long term

The Ibex The year ends with increases of 11.82% after an end-of-year rally that has allowed it to exceed the annual maximums it presented at 9,588 points. The declines of the last two sessions of the year have caused it to end up covering part of the bullish gap that was left on the 13th of this month that comes to an end. The technical perspectives for 2020 are good and it is that the Spanish selective could be shaping a figure of trend change, specifically an inverted shoulder head shoulder that would give us a 10% revaluation potential for next year.

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