Tubacex is encouraged and it seems only a matter of weeks before it hits the highs of 2022.
Tubacex manages to break through the first level of resistance at €2.26 and after a breakout, it seems very likely that we could end up seeing an extension of gains to the €2.35 level.
The ascending lows we have been seeing since October make us optimistic about its technical development in the coming weeks. As soon as it confirms the breach of the resistance at 2.35 euros, we could see an extension of the gains to the level of 2.635 euros, the highs of the last year..
We won’t see any technical signs of weakness as long as it holds above 2.15 Euros, the bullish gap bottom left on January 9, and prices where the 200 session average also converges.