It is a very interesting value for the short term. Technical Analysis
RESISTANCE BREAK Short termMedium termLong term Good sign that we have seen, this Thursday, in the price series of New Textile Expression. After a month and a half of lateral movement, the Spanish Continuous company achieves pierce the key short-term resistance at 0.86 euros. Pay attention, a reversal in the 200 session average is confirmed and it seems very likely that we could end up seeing the beginning of a new bullish momentum.
For the coming weeks, it looks like it will continue with the increases, with a first target increase of 1.02 euros.prices 17% above current ones. We will not see a sign of weakness as long as it remains trading above 0.732 euros, levels where it presents the 200-session average.
