Elektra (Elektra*) Very delayed.

While the IPC (Index of Price and Quotes) presents an adjustment of 7.8% at end-May. While Elektra presents a decline of 23%.

The chart indicates a high volatility paper. Also the weakness he has shown during this year.

But technically is in time for a technical bounce:

1. MACD is about to cross the moving average, a sign of buy.
2. The Stochastic indicates oversold.
3. The relative strength index RSI is on the rise and has room to rise.
4. The dynamic resistance is broken, on Tuesday.

Technical support at MXN$ 490.00

Technical resistance at MXN$ 580.00

Observe MACD validation in the coming days.
Yield from the current price (MXN$513.55) to its resistance (MXN$580.00) is 12.9%.

Elektra* Mexico Stock Exchange Shares Mexico