Acciones Iberdrola (IBE) might give you the short of your life. As stated in the video, I got no clue what this company about except for the intro on TV - of it being a holding company that deals w electricity.
However, the chart shows me all I need to see to make a decision. As stated in the video, after a few years of strong upward trending structure, price finally fell below the monthly 21EMA for the first time since 2013. The weekly timeframe also shows bearish reversal patterns.
A retracement back to my target entry area could be the beginning of a long downwards spell. Seeing that this will be a very long term trade, I will and suggest taking my/your time with entry.
Obviously such a strong company overtime can rebound due to a fundamental fix, however as it stands, this sets up for the perfect R:R short.
However, the chart shows me all I need to see to make a decision. As stated in the video, after a few years of strong upward trending structure, price finally fell below the monthly 21EMA for the first time since 2013. The weekly timeframe also shows bearish reversal patterns.
A retracement back to my target entry area could be the beginning of a long downwards spell. Seeing that this will be a very long term trade, I will and suggest taking my/your time with entry.
Obviously such a strong company overtime can rebound due to a fundamental fix, however as it stands, this sets up for the perfect R:R short.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.