Technical analysis office: PharmaMar, Sabadell, Airbus, Amadeus, Duro Felguera, Tubacex, Nyesa and Norwegian Air
Next, we give answers to the values for which we have been asked the most throughout the morning. José María Rodríguez, technical analyst at Bolsamanía, analyzes Duro Felguera, Norwegian Air, Tubacex, Amadeus, Banco Sabadell, Nyesa, Airbus and PharmaMar.
Dear José María, could you analyze the situation of Norwegian Air and Duro Felguera if you are so kind? A greeting. G.G.
Of Norwegian Air not much to say as this is a free fall title. Which is not incompatible with the fact that it can bounce hard in between (reaction phase). The problem is that it has a key support at the historical lows: NOK 1.50 (Swedish kroner). And how could it be otherwise, the only strategy at the moment is to open longs at the closest possible price levels to this support, with 'stop loss' in closing prices below. Among the many resistances that the value presents, the most important at the moment is in the weekly bearish gap of NOK 8.27. Price levels far removed from the current ones.
As to Hard Felguera, It is a title in which we look at its day (at the end of April) just when the price pulverized with clarity and with a clear increase in volume the clavicular line of a ‘head and shouldersInverted. Our target of rise was in the area of 0.90 euros (the height of the "head") and for the moment the maximum has been set at 0.75 euros. In the short term it seems to be triangulating (decreasing highs and increasing lows) and, in theory, we have it back in the support zone: in the bullish guideline that joins the increasing lows since mid-April. It would be good if the support of 0.55 euros was not drilled to somehow leave the door open for the rebound to continue in the short term.
Hello, what do you think of Tubacex as an investment? A greeting. JI.SA.
Dear investor, good afternoon. Well, although it is a value that many analysts recommend, 'value' is not a title that I am particularly passionate about. Above all, because the last great fall has led him to mark a new decreasing minimum. And building decreasing highs and lows does not go up. In fact, even if the price bounced (and I'm not saying it will) to the resistance zone of three euros, everything would remain exactly the same in Tubacex, since the bearish guideline that joins the declining maximums since 2008 stops at this moment for the three euros. It is not a value that would be in the portfolio because it is not bullish. And we have to go to the market to buy strength, not weakness. A greeting.
Good Morning. First of all, I wanted to thank analyst José María Rodríguez for his comments and suggestions. I wanted to ask about Sabadell, I bought them when they were at 0.83 euros and since then it has been an ever deeper spiral. I'm worried because I don't know what to do, whether to keep waiting for it to go up one day, or whether to sell them. I also wanted to ask you about Amadeus bought at 45 euros. Thank you. J.Y.
Dear reader, good afternoon. Sabadell it is a bearish value with no exceptions. And this is not an impediment for it to bounce strongly (reaction phase). For the time being, it has not been able to resist the resistance it presents at 0.3780 euros (previously support) and, aside from expansion, it has turned to the downside again. But it is that even if it can bounce towards the 0.54 euro zone (the base of the bearish channel) we would be talking about a simple 'pull back' to the new resistance zone, previously support. That said, Sabadell is a free fall value and we do not have a return figure. This may come later and it will take a long time to build it, I did not hesitate, but right now all we have are violent against the trend and nothing else. It is a value that we have analyzed on many occasions and that we have always said is very bearish and we do not buy weakness by definition. In any case, I invite you to read here the last analysis on the financial institution.
As to Amadeus, the situation is similar to that of IAG and Repsol, among others, in the sense that it has stopped dead in the weekly bearish gap in mid-March: 55.94 euros. This gap has been filled almost entirely and has stopped there. Or what is the same, to be able to say that something may be starting to change, we are going to demand that you close this downward gap. And since this is a weekly bearish gap, it must do so at closing prices on a Friday. Thank you very much, greetings.
Hi. I wanted to ask about the Nyesa value, whether it is advisable to buy, sell or hold. JA.SG.
The graph of Nyesa speaks for itself. It is impeccably bearish and it is enough to observe the bearish channel through which the price has been moving since the beginning of 2018. Only above the last great decreasing maximum, at 0.0135 euros (February highs), will we have the first sign of strength in a while. But in the meantime we have nothing, just impeccable decreasing highs and lows. And so it doesn't go up. It is a very bearish title for a long time that should not have entered. A greeting.
Good morning, I have PharmaMar bought at 5'10 euros and I would like to know your short-term projection. On the other hand, I wanted to ask you about Airbus, it seems to have a strong floor at levels of 50 euros. If you correct again, would you consider it to be a good entry level? Thank you for your analysis. E.FB.
PharmaMar It is a clear keep in the portfolio, since it continues to show an impeccable uptrend since October 2018. In addition, the latest falls fit perfectly within what is a simple 'throw back' to the "crest" of the previous bullish momentum. I invite you to read here the latest analysis on the biotech company. In short, it is a clear keep without any problem.
As to AirbusI very much doubt that it will return to the support area of 48 euros again: the lows of March and May. And it is just now when we also have you back in the support area. The level of 65.26 once acted as resistance and could now do so as support. So, a priori, the current price level can be an interesting time to get back on the shopping train. Thank you very much, greetings.
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