We could see a return to last year’s highs. Technical Analysis
REBOUND ON REFERENCE AVERAGE Short termMedium termLong term
Melia Hotels It began the year attacking the 2025 highs that it set at 8.23 euros. It could not withstand these prices and began a correction that led it to test the support of 7.30 euros, prices where the 200-session average is located. At these prices it seems that it wants to hold on and it could be shaping a small double floor. we will be pending confirmation of the overcoming of the resistance of 7,655 euros. This would confirm the turnaround figure at the 200-session average and It would make us think about an extension of the increases to the level of 8.23 euros. Its behavior at this price level is key for us to see the beginning of a new bullish momentum. We will not see a sign of weakness as long as it remains trading above 7.26 euros.
