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.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.