IBA: no signals that the downtrend is over

Although the Elliot Wave Oscillator indicates a bottom in the stage of the decline, the momentum becomes more negative. In my opinion IBA is a falling knife and a target below the 30 euros is realistic. If we get more signals that the decline is over, a long position is the best strategy to take advantage of a rebound. If the rebound is supported by a great volume, a further recovery is not excluded.