Telefonica The month of September has begun by drawing our attention. Technical Analysis
BULLISH GUIDELINE The teleoperator has managed to overcome the short-term resistance that it presents in the 4.21 euros. This is a good sign that invites us to think about an imminent attack on the annual highs that it presents in the 4,318 euros. Its behavior at these prices is vital. If it exceeds them, we could have a good end of the year in the company that could go for the 5 euro level. Below, the support to watch is at 3.9 euros. We will not see a complication in its technical aspect as long as it remains trading above this price level.
The cross of the coin is located in Repsol after seeing how oil started the month of September losing support. After leaving the 200-session average, we see how the oil company is trading at annual lows. For the next few sessions, everything seems to indicate that we could end up seeing an imminent attack at the level of 11.40 euros, the minimum for 2023.. We will not appreciate a sign of strength in the Ibex company until it manages to rise above the 12.91 eurosalthough the key resistance could be located at 13.5 euros, levels where the 200-session average is located.
