Technical analysis office: Telefónica, Cellnex, Ezentis, Biosearch, Xilinx, Workday, oil and bitcoin
Next, we respond to the values for which we have been asked the most throughout the morning. José María Rodríguez, technical analyst at Bolsamanía, analyzes Xilinx, Workday, Biosearch, Ezentis, oil, bitcoin, Telefónica and Cellnex.
Good morning, José María. I would appreciate an analysis of Xilinx and Workday. Both started 2019 very well but then fell apart. Are they still bulls in the medium / long term? Thank you. M.T.
Dear investor, good afternoon. Xilinx It is a title that I don't like today. And I don't like it because since last April we have decreasing highs and lows and so it doesn't go up. And more when just this Wednesday the price has fallen sharply leaving us with significant resistance in the bearish gap of $ 98.61. In fact, to the extent that this gap is not closed, or what is the same is canceled, the bias of ‘trading’ bounces apart will remain bearish. To be able to guess a potential trend change, we need the price to jump above the resistance it presents in the last declining maximum: $ 103.75. And meanwhile what we have are important upward and downward displacements, but always within a corrective phase of greater degree.
However, the graph of Workday I find it much more interesting, since despite the last falls we are talking about a bullish title that is being supported within a fairly clear guideline that unites each and every one of the growing lows since the end of 2017. In addition, recently it has been able to leave behind the resistance (now support) of the 180 dollars. We already have increasing minimums and maximums and so it does not fall. In fact, to the extent that the title respects the support it presents in the December minimums (157.60) we will not have any sign of weakness in the graph and therefore there is the possibility that it is trying to restructure upwards with target in the historical highs: $ 226.83. Thanks to you, greetings.
Hello good day. Biosearch is making rare increases in its price, what does the technical analysis indicate? Thank you. R.G.
Dear reader, good afternoon. Biosearch It is a most interesting title at the moment. Within the long-term bullish channel I am left with the impeccable back throw back ’to the support zone, before resistance, of 0.89-0.90 euros. And from there it is clearly restructuring upwards. In fact, I do not rule out that he ends up looking for the resistance zone of approx. 2.40 euros: where the upper part of the bullish channel passes at this time. It is a clear keep right now. Thanks to you, greetings.
Hello good day. How do you see Ezentis? A.GA.
Dear reader, good afternoon. TO Ezentis I still see her very weak, very touched. In fact, the bounce of recent weeks fits a thousand wonders in what is a manual 'pull back' to the great weekly 'head and shoulders' that was confirmed after the 0.44-0 support was perforated, 45 eros (now important resistance). Or what is the same, the possibility of returning to the area of historical minimums is a probable scenario that can not be ruled out at all. Greetings.
Good Mr. Rodriguez. How do you see oil? I am invested in an ETF on the price of crude oil and although I earn something, I expected much more upward trend in the face of recent tensions between the United States and Iran. Can you analyze it, please? Thanks and regards. C.EA.
Dear investor, good afternoon. The Petroleum He is giving a lot of blows this January, both upward and downward. And it does so within a very clear price range, with support at $ 56 and resistance at $ 72 (for the Brent type). In fact, at the beginning of the year he was attacking (unsuccessfully) the resistance of the 72 dollars and now we have him flirting with the support of the 56 dollars. Be very careful with the perforation of the support of the 56 dollars, since below the normal thing is that you quickly look for the support that it presents in the minimums of the end of 2018 in the vicinity of the 50 dollars. Can read here the analysis we made of crude oil on our page. Thanks to you, greetings.
Hi, what do you think of bitcoin for this new year? There is much talk that this year, with the "halving" (halving the reward for mining and that takes place every four years), could start a new big bullish momentum. What do your graphics tell you, gentleman? Thank you very much from Valladolid. P.R.
Dear reader, good afternoon. The bitcoin its technical aspect is improving a lot, something we have already talked about in the last sessions / weeks. Read here the analysis on the cryptocurrency that we made this Thursday. Actually, you just have to look at the graph to realize that at the beginning of the year it surpassed the bearish channel (manual) that it has been moving since last summer. And the truth is that, corrections apart, everything suggests that it is directed towards the resistance of $ 14,000. And above the 20,000 dollars. In recent times this is acting very well as an active refuge from global uncertainties, such as China's coronavirus. Thank you very much, greetings.
Hi Mr. Rodriguez. It is a pleasure to read your analysis because of how clear and simple it makes them. That said, I wanted to ask you about Telefónica. It catches my attention that in many media we talk about 2020 as the year of recovery. Of course, it ever has to be. What do you think about that? What do the graphics tell you? Can you also analyze Cellnex? Thanks for all. Greetings. S.B.
Dear investor, good afternoon. Despite the heat of the price on Tuesday, the truth is that everything remains the same, nothing has changed within what is the downward trend. In fact, to the extent that it does not exceed the resistance of 6.40 euros we will not have the slightest sign of strength in Telefonica. And to be able to talk about a change in trend we need the title to jump above the important resistance it presents in the October highs: 7.05 euros (adjusted the series of prices to dividends distributed). And in the meantime, everything is bouncing (reaction phases) within a clear corrective phase. As supports we have 5.98 euros and below the minimum of 2019 at 5.70 euros. Can read here the last analysis on the operator recently performed.
As to Cellnex, the title is quoted in absolute free rise and therefore there is not much more we can count. If anything comment that there is a potential support area around 40 euros, coinciding with the base of the bullish channel through which the title has been moving since March. It is a clear keep. But who is not inside should wait, it makes no sense to get on the shopping train at this point in the game. Thank you very much, greetings.
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