Strong start to the week in Sacyr, which rises with enthusiasm after approaching, in recent days, the support of 2.94 euros, prices where the average of 200 sessions is found. Technical analysis
REBOUND IN REFERENCE AVERAGE S12,94S22,8R13,168R23,264Short termMedium termLong term At these prices it seems that we are beginning to see the return of purchases. However, to confirm a sign of strength we should wait for a close above 3,166 euros. Exceeding these levels would make us think of the end of the correction that began at the beginning of the year. As soon as the end of it is confirmed, it is very likely that we could end up seeing an extension of the increases.
We could place the increase target at 3.70 euros, the highest levels from ten years ago. Below, the key support that we will not lose sight of is 2,944 euros. We will not appreciate a sign of weakness as long as it remains trading above this price level.
