Technical analysis office: Santander, Telefónica, Repsol, CaixaBank, oil, LVMH, Apple and the EURO STOXX Banks
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 CaixaBank, Santander, Repsol, oil, LVMH, Apple, EURO STOXX Banks and Telefónica.
Hello, José María. I have been following you for a long time at ForexNews.online and I like to read your comments. I have a portfolio that is really sad. CaixaBank purchased at 3.15 euros, Santander at 3.30 euros and Repsol at 11.50 euros. I don't know what to do, whether to sell something taking advantage of the latest increases or stay still because I'm sure that if I sell they won't stop rising. What levels of supports and resistance do you recommend that I look at? I appreciate your advice. A greeting and thanks in advance. GOES.
Dear investor, good afternoon. Think that you have entered the market halfway through the great correction we have had. And when we have a fall of all the bags in unison, everything falls. And then later some may bounce back more than others. But since it has Ibex values, you should know that it will only recover when the block market does. And therefore when all the world stock markets do it. Knowing also that our selective is the weakest among the main European squares.
Having said that, and starting with CaixaBank, this has slowed right in the weekly bearish gap of mid-March. Movement that many other market values present, such as IAG or Repsol, among many others. This gap corresponds to the level of 2.10 euros. And if I were able to close it later, it would be the start of a move towards the bearish guideline, now at approximately 2.60 euros.
As to Santander, there we have it. Trying to respect the support area conferred by the clavicular line of the small ‘head and shouldersInvested that recently fulfilled as far as the theoretical minimum projection of rise is concerned. But it is true that it is very weak and presents significant resistance in the daily bearish gap of 2.43 euros. All in all, the only thing to hold onto is the possibility that you've finally made it into the 2009 lows, at 1.77 euros. Or in other words, although the support is far from the current price right now, this is what it is and is at the annual lows, coinciding with the 2009 lows.
Finally, regarding Repsol, is a carbon copy of IAG and of so many titles of our market. It has filled, but not closed, the weekly bearish gap in mid-March at 9.05 euros. But it has not been closed, which would have been ideal. Let's see if it succeeds on the second attempt and heads for resistance at ten euros (50% adjustment / retracement). But as long as this weekly gap does not close, we will have nothing, just a rebound (reaction phase) proportional to previous falls. Thank you very much. gentleman, greetings
Good morning, Mr. José María. I would like to know your opinion on whether it is a good time to invest in oil. If I could analyze it, especially in the medium and long term. A greeting. A.LM.
Dear reader, good afternoon. I invite you to read here analysis on the Petroleum this Thursday. Let's say that the weekly bearish gap that almost all the stocks in our market have and that they left in the middle / end of March is the same one that is now attacking the price of crude oil. And for the moment it has not been able to with him. You have filled it in, but you have not closed it. What is clear is that oil will only resume the upward trend when investors understand that the recovery of the economy on a global scale is a fact. Oil is one of the most sensitive thermometers that is closely related to the evolution of the world economy. A greeting.
Good morning, José María. I would like to know your opinion about the luxury company LVMH. I have the feeling that it has escaped me. Thank you very much and greetings from Burgos. Regards.
Dear investor, good afternoon. LVMH It reminds me a lot of Apple in the sense that they are very bullish in the long term, where the weekly MM200 has been acting as a clear support zone. Furthermore, in the short term, recent declines have found support at the 'crest' of the previous bullish momentum, formerly resistance and now support. Let's see if from here it is finally able to close the weekly bearish gap of 404.50 euros. And if it does, it will put the direct one towards the annual and historical maximums at 439.05 euros. In my opinion it is clear to keep long. At the end of the day, it is about buying strength and this title is bullish in terms of the medium and long term. Thank you very much, greetings.
Hello, I am doubting whether to sell Apple purchased at $ 292. How far do you think it can go up? Carefully greetings. JM.R.
Dear reader, good afternoon. At this time there is no reason to sell the shares of Manzana despite the occasional corrections (reaction phases) that sometimes occur. The last correction found ground in the previous highs (throw back) and from there it was restructured again to the upside in terms of the medium and long term. At this time, as I have commented in the case of LVMH, it is a clear keep in the portfolio. As for how far it can go, I don't know. It is a value in absolute free rise, or what is the same without resistances of any kind.
Hello good day. I would like you to analyze the European banking index and Telefónica, both in the short term. Thank you very much. A greeting. N.AB.
Dear investor, good afternoon. What we have in the European banking index, the EURO STOXX Banks, is a rebound of 38.2% of all the previous fall. And there it has stopped. This now has a short-term support at 60 points and I do not rule out that after a lateral consolidation it will restructure again to the upside, continuing the rebound, with a target of resistance of 75 points (50% retracement). But, in any case, we are talking about a rebound (reaction phase) proportional to the previous crash and little else. Back figure we do not have. Although yes an important support in the lows of March, April and May: 48-49 points.
As to Telefónica, is a title that we analyze several times a week in this section and there are no news to tell. Regardless of whether it may bounce or fall in the short term, I still think that the rebound can lead to the important resistance area (formerly support) that it presents in the area of 5.10 euros: the 2012 lows. Another thing is what may happen next, given that this potential rebound may fit within what is a simple 'pull back' to that great long-term double ceiling. Thank you very much, greetings.
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