Cellnex shows a potential quadruple bottom pattern, with a minimum theoretical target of 41.47 euros, explains independent analyst Ramón Bermejo. For today’s session, we have a hammer figure that was drawing at the close of Friday, in which it needs 40.71 euros to validate it, this could generate recoveries in the next two sessions. The next resistance at 42.20 euros, marked on the chart:
The telecommunications infrastructure operator presented accounts last week, which recorded an increase in its income by 58% in 2021, to 2,536 million, by accelerating its growth through a record investment of 18,800, which results in a cumulative of 38,000 million in the last six years. Cellnex lost 351 million in 2021, 160% more than in 2020, both due to growth costs and two extraordinary impacts on its balance sheet.
Despite today’s recovery, Cellnex has started the year in negative territory and remains in the Top 3 of the worst stocks on the Ibex.
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