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Urbas: nothing to do as long as you don't recover the euro cent


As surely you already know, a server is not at all a friend to invest in this type of titles. What is not an impediment to analyze it and try to shed some light, if there is one.

Technical analysis

Short term

Medium term

Long term

Let's not fool ourselves, Urbas It is clearly bearish in absolutely all terms. In fact, the only thing that can be highlighted in the bearish 'tsunami' is that we have an important price level in the 0.01 euros. This level acted as support during 2012, 2013 and 2016. But let's be objective, it was support because it was the minimum level at which the stock market quoted. You could not quote below this price reference. If there were no minimum limit, another rooster would have sung. But it is true that once prices were allowed below, 0.01 euros have proven to act as resistance on numerous occasions. In fact, the precision of this as resistance is impeccable. So what we have right now are comings and goings in the title with a very clear ceiling at 0.01 euros. Or what is the same, just closing above the euro cent, preferably weekly candles, we will have the first sign of strength in a long time. Of course, it is always within a clear downward trend of major order.

Urbas weekly chart since the end of 2011


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