Gamesa – Iberia – ACS

The indices on Wall Street closed yesterday despite clearly negative to recover in the last hour the session, so expect a lower opening of about half a percentage point in European stock .
iberia News of day is that it has approved the British Airways Iberia merger must be ratified in November by the shareholders’ meetings of both companies and will be completed …

… a month later, so hopefully now the quote of both airlines are complying with the equation of fusion that has not been published yet what exactly (although the combined company will probably have 47% of Iberia and 53% of British ) along the session makes it possible to speak of Iberia and British .
gamesa yesterday’s session should be noted the rise of Gamesa , spurred by the large number of requests we are receiving rival Vestas, which suggests a revival in sales of wind turbines sector was expected in late 2010 and it seems that it is anticipating good news for Gamesa, also attempts to discuss the value during the session today .
acs Finally, at the top you have the ACS graphics that are half of the session yesterday. Broadly speaking we see a strong resistance at levels of 36.85 euros, on which resistance has not closed nor open any session since the end of 2007 ACS. On the other hand we have a wedge that would have a break implications classical bassists, classical rupture is in the opposite direction to that point the sides of the wedge. Anyway we have seen numerous spots breaking in the same direction at that point the sides of the same, so until we can not venture to break anything. If we are not purchased in ACS, the risk of doing at this point the rise does not appear to offset the potential benefit, the existence of a very strong resistance long term 3 to 4% above current levels combined with the wedge shape of commentary makes the risk of a correction is high, the benefit until resistance is not compensated. Another question would be to buy ACS if more than 36.85 euros, if we operate using the technical analysis is not always cheaper equals safer .





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