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Technical analysis office: Ibex, Repsol, Iberdrola, Aena, Cellnex, Deoleo, American Airlines and Reig Jofre


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 Cellnex, Deoleo, Aena, Ibex 35, Reig Jofre, Iberdrola, American Airlines and Repsol.

Technical analysis

Good morning Mr. Rodríguez. I have Cellnex shares and would like to know what the short-term forecast is. Do you recommend selling or maintaining them? Thanks for your always interesting comments. M.C.

Dear investor, good afternoon. Cellnex ex a clear keep in portfolio. It is a free-rise value, which does not mean that it does not correct from time to time (reaction phases). The increasing minimums and maximums remain intact and in all time frames. And so it does not fall. All in all, know that this is the typical title that you can correct at some point with more intensity than usual while remaining bullish for it. It is a clear keep, while for those who are not inside, opening long now seems to me to be very late to the market. Very kind for your words, thank you very much.

Cellnex Daily Chart

Good morning, José María. I am interested to know your opinion about investing in Deoleo shares. Although it can be considered the same as a new action, I am sure that you will have a very well-formed opinion of the title. With anticipated thanks, I take this opportunity to send you a warm greeting. P.K.

Dear reader, good afternoon. Not much to say about the ‘new Deoleo’Which began trading at the end of June after its financial restructuring. Adjusted the price history to the new financial situation, all we have is a narrow side, with support in the area of ​​0.2350-0.24 euros and resistance at 0.31-0.3150 euros. And we have to wait for the price to leave that side, although it gives the feeling of wanting to go out of it. And little else can you say about this title, since it has been trading on the market for a very short time. Very little historical. But at least the short-term side seems pretty clear. As you probably know, I am not a friend of this type of securities at all, since by investing in it we are not buying strength, which is what we should really try to do when entering the market. Thank you very much for your words, very kind. A greeting.

Deoleo daily chart

Good Morning. First of all, thank you for the support you offer to the community of non-expert investors. About assets I have doubts about what to expect from Aena, I have a sales target of 140 euros, but I see it increasingly complicated. On the other hand, what can be expected from the behavior of the Ibex in the coming months? Thank you. T.P.

Dear investor, good afternoon. Within which is falling in the tourism sector, Aena the rate is holding up somewhat better than the industry average. In fact, many titles are attacking the annual lows. In the short term, having closed the bullish gap of 116 euros is not exactly a sign of strength. In addition, the rebound highs (145) correspond to an adjustment / fall of 61.8% from the previous decline. Let's say the only thing to hold onto is the fact that at least we still have rising lows and highs from the annual lows. But things change a lot or I'm afraid it will end up heading back to the support of 90 euros, which is where we have the key support area.

Aena weekly chart

Regarding the Ibex, read here the analysis we carried out this morning before the market opened. I keep thinking the same thing that I have been warning for months. That there is no need to be on the Ibex. This is very weak. If you have to invest you have to do it where the strength is, that is, in the Dax in Europe and especially on Wall Street. Our selective continues to behave, in medium and long-term terms, worse than any other index on the Old Continent. And either things change a lot, or I do not rule out a return to the March lows. Thanks to you, greetings.

Ibex 35 daily chart

Good morning, José María. Congratulations because your analyzes are profitability. I have a question about Laboratorio Reig Jofre SA. It is bullish. Should you enter? Thank you very much. A greeting. V.MP.

Dear reader, good afternoon. I am not a friend of this titles, especially because in the case of Reig Jofre we are talking about a very narrow title. Very little liquid. And that has its danger. Now, as a technician we have very close to the support area that gives the bullish guideline that joins the increasing lows since the end of March. Let's say that in the area of ​​3.50 euros the price structure would give us a buy signal again, at least for 'trading'. Let's say if you have to jump into the pool it has to be around current price levels and the closer to the bullish guideline the better. Thanks to you, greetings.

Daily chart of Reig Jofre

Good morning, José María. I have Iberdrola shares purchased in April for nine euros. Would you keep them in the portfolio or do we let the profits run? What support should I look at so that it doesn't get lost and execute ejecutar stop ’when the time comes? Thank you very much for this section that I never miss. Greetings from Lanzarote.

Dear investor, good afternoon. Iberdrola it is a clear hold, it is an absolute free-rise value. In the short term it has resistance at the recent historical highs (11.50) and as support the first real zone is at ten euros (the June highs). The bottom trend is so bullish that it can be said that as long as we do not have a close below the last rising low (9.20) we will not have the slightest sign of weakness within the impeccable bottom bullish structure. It is a clear keep. Thanks to you, greetings.

Iberdrola weekly chart

Hello, I would like to know what you think about American Airlines. When do you think the airlines will go up again? Thank you very much. I.P.

Dear reader, good afternoon. The airlines are all still going through a bad time, which is not incompatible with the fact that they can bounce back at some point (reaction phases). In fact IAG has set a new annual minimum this Monday at 1.73 euros. AND American Airlines it will recover when the entire block sector does. Neither before nor after. That said, the only thing to hold onto in the very short term is the support it presents at $ 10.98-11. If this is drilled we will not rule out a return to the annual lows of $ 8.25. Above, on the resistance side, we have the bearish gap of $ 15 and above the area of ​​19.50, where a potential straight resistance passes. But know that today there is nothing that confirms a change in trend in the sector. Thanks to you, greetings.

American Airlines Daily Chart

Hello. I would like you to give me your opinion about Repsol. Supports and resistances. What is your opinion from a technical point of view? Many thanks. P.MM.

Dear investor, good afternoon. Of Repsol we have been repeating the same thing week after week. Simply, like 70% of the market, it has not been able to the weekly bearish gap in mid-March at 9.05 euros. And insofar as it does not close it, or what is the same, cancels it, it can only be said that for the moment we have witnessed a simple rebound (reaction phase) within a corrective phase of a greater degree. As the most important support we have the annual minimum at 5.58 euros.

Repsol weekly chart

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