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Yesterday we continued with important rises in many securities of the Spanish stock market and finally the Spanish team was able to win back the 7,000 points and keep them at the close. However, it will be important to see a second closure above them and above all to see closings above 7,100 points to give by broken the long laterality of two months of duration in which the selective one is.

One of the easiest ways to participate in a bull market is buy an Ibex ETF or failing to get hold of the main companies that weigh the most in the selective: Santander, Inditex, Iberdrola, BBVA, Telefónica, among others.

However, I bring you a selection of four values ​​that are found technically in a very important situation It deserves their monitoring to be able to enter them in time if they manage to break their respective resistances.

1) Arcelor: Yesterday it broke its short-term resistance but it did not do so in a forceful way with a volume in line with that milestone. That is why, in today’s session, you should confirm this break with prices higher than yesterday’s close, which was at the session highs. Losing the 8.69 euros will be the way the market will tell us that we are not facing the good break that should take us to 10.54 euros.

2) Catalan West: Yesterday he was trying to break his resistance at 19.76 euros and he did it in intraday format rather than doubling the monthly average volume. However, at the close he could not confirm it so he leaves the duties pending for today’s session where he should try again. The next price objective, if it is achieved, will be 23.16 euros.

3) IAG: Another value that more than doubled its monthly average volume in yesterday’s session and that managed to close for the first time since the Covid-19 pandemic began above the medium-term moving average. Therefore, we must be attentive to what happens in this session since the next resistance is very close (2.77 euros) and in the event of a break it has nothing until 3 euros.

4) Realia: With a trading volume yesterday that almost multiplied by 10 its monthly average, today’s session will be crucial because it could well be indicative of a turning point as well as what happened on April 30 when we saw a volume very similar to that of today.

Evolution of the four related companies
                    Eduardo Bolinches