The week was promised that it would be very happy for Ferrovial shares, taking into account the rapid recovery from last Monday’s bearish gap. In fact, we can still talk that we are in a positive week. yeshowever, with the fall of today’s session, it is becoming evident that resistance of the 25.47 euros from last February 2 it is a zone important to keep in mind and It won’t be easy to get over.
Also, this price zone is also well protected by the presence of the long-term moving average that at the moment is going through the 25.46 euros and that was already tested also last February 2 with the same result that we are apparently going to achieve in today’s session, since the robability to end up seeing a sunset star with clear consequences bassists is high.
And there is even more because tal and as we can see in the following graph, the long term moving average has been acting as a dynamic support and resistance level both in the months of November and December of last year as well as throughout a good season last April.
Also, taking into account that both the lows this year like last summer are located in the vicinity of the zone of the 23,fifty euros, suggests that in the case of confirmation of the current figure of formation of evening star with a continuity of corrections next Monday, would send us to prices in that direction.
Therefore and in conclusion, in case that we are thinking of entering the value because we like for fundamentals, my best recommendation would be expect to see at least two consecutive closes above the long-term moving average while if we are already shareholders of the company, everything points at that the strategy of salir before a supposed confirmation of the evening star figure to re-enter the value after the testing and subsequent start of the rebound in the area of 23.50 euros can be very doable.