Iberdrola SA

IBE // Super Short

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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.

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