Cellnex increases, but is still far from confirming a trend reversal

Sharp gains in the last session of the week in Cellnex, which manages to break through the short-term resistance of 35.06 euros.

The Ibex company is aiming for an average of 200 sessions, very close to current prices. Despite Friday’s strong gains, its main trend is strongly bearish and we won’t see any sign of a new trend. a change in trend as long as it remains below 39.43 euros, the November highs.

The first level of support is at 33 euro, although it finds a little earlier the support offered by the lows of the bearish gap left at the open of the session, namely €33.23. We do not exclude that it seeks to cover it before attempting to definitively attack the key resistance at 39.43 euros.

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