Acerinox rises and confirms a bullish continuation pattern

Acerinox gives a new sign of strength by crossing, this Friday, the resistance at 10.06 euros.

These prices correspond to the peaks reached since the beginning of the year. Moreover, confirms the formation of a flag. This figure has strong bullish implications that invite us to think about an extension of the increases at least to the level of 10.50 euros, without excluding an extension to the level of 11 euros. Good levels of accumulation give consistency to its current uptrend.

The first level of support could be at 9.68 euros.the lower part of the flag. We will not see any signs of weakness in its daily price series as long as it continues to trade above this price level.

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