“Endesa is in free up, it is to keep yes or yes”

The market remains in the expectation of the Federal Reserve decision on interest rates, although there is little place to surprise. It seems that the attention, essentially, will be placed on the words of the president of the institution, Jerome Powell. Meanwhile, the indices walk positively, with the exception of Nasdaq 100.

“What the market tells us is that it will continue bouncing“, says Gerardo Ortega, from Gerardoorte.es and chief analyst in Trive.” The theme is what my control reference is at the bottom if this will continue to bounce, because the candle of last week, “adds the expert. On the opposite side, the ‘sky’ is in the current bands, but” they still have a tour. “” At least we should bounce some more. ”

Listen to Gerardo Ortega’s market analysisby Gerardoortega.es and chief analyst in Trive, in open market:

“Endesa is free up”

The company “is on free up“, according to Ortega. Therefore, it indicates:”Yes or yes is to maintain“.

Although the expert considers that “the market context invites you to make a background.” Endesa comes from a 20% drop in just two days and a rebound of 28% since then. The problem “is that it has left us a huge wick around the bottom and has closed us at maximum.”

Listen to Gerardo Ortega’s stock office office in the open marketwith Rocío Arviza: