The first one is Repsolwhich was lagged but has made a very important leap in the last sessions after piercing the annual maximums. Technical analysis
Attentive Alcista guideline, which overcoming these prices has confirmed the formation of a THrow back at the level of 11.50 euros. Overcoming the 12,658 euros (annual maximums) is a very good sign that would confirm a change of trend and one Extension of increases to the level of 13.50 euros, or even up to 14.45 euros. We will not appreciate a sign of weakness while remaining quoting above 11.50 euros. Good levels of accumulation give consistency to their current upward trend.
The other is Telefónica. The operator is a value to take into account in the next sessions since it is shaping a bullish figure. For the next days we are very pending a closure above 4,613 euros. These prices correspond to the annual maximums, and their overcoming would make us think of a Extension of increases to the level of 5 euros. If you have them in the wallet, I would keep them without any problem, and it would not see a sign of weakness while not lost the lower part of the side band in which it has been moving for more than a month.
