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Technical analysis office: Santander, PharmaMar, Bankia, Oryzon, Gestamp, euro / dollar, Volkswagen and bitcoin


Next, we give an answer to the values ​​for which we have been asked the most throughout the morning. José María Rodríguez, technical analyst at Bolsamanía, analyzes Volkswagen, Oryzon, PharmaMar, Santander, Bankia, Gestamp, bitcoin and the euro / dollar.

Technical analysis

Good morning, first of all thank you for your analysis and the work you do. I would like to know what you think of Volkswagen shares and what do you think would be a good time to get into it. I think it's a good long-term option, don't you think? Thank you! A.RS.

Dear investor, good afternoon. Volkswagen It is an interesting title, which is rebounding strongly from the March lows. With its punctual corrections, everything suggests that the price may go to the resistance zone that it has in the highs of 2018 and 2019: the approx. 185 euros. If we are able to jump easily and in weekly candles we will have an important signal of strength in the listed market, a prelude to what may end up being a return to the all-time highs at 192 euros. Below, on the support side, we have the most immediate in the last rising low (125). We also have intermediate resistance in the weekly bearish hole of 166 euros. Thank you very much gentleman, greetings.

Volkswagen weekly chart

Good morning, José María. I would like to know your analysis and opinion to enter Oryzon Genomics in the medium term, at current prices. Thank you very much. F.M.

Dear reader, good afternoon. It is not yet the time to enter Oryzon Genomics regardless of the occasional rebounds that may occur in the short term. Or at least not to the extent that the price is not able to jump above the important resistance that it has in the bearish guideline. The one that joins each and every one of the decreasing maximums since July 2018 and that at this time passes for approximately 3.60 euros. Although the definitive confirmation of a change in trend will only be above the May highs at 3.90 euros. Thanks to you, greetings.

Oryzon Genomics Weekly Chart

Good morning, Mr. Rodríguez and thank you very much for your comments. Since the PharmaMar ‘countersplit’, the action is no longer what it was. I managed to win a lot for the title, but now I only win 15%. Is this behavior normal? What happens? Thank you very much and greetings. ACE.

Dear investor, good afternoon. Nothing happens to him. The problem is, don't get me wrong, we are badly used to it. Prices do not rise forever and ever without their corresponding proportional correction / adjustment (reaction phase). And with PharmaMar it was not going to be different. I invite you to read here the analysis about the biotechnology company that we carried out for our page first thing this morning. This presents an important support in the bullish gap of the June 16 session at 76.20 euros. Which makes, for 'trading', the return-risk equation is optimal on the bullish side at this time. With 'stop' in the hole. But the fact is that even if this gap closes, the medium-term trend will continue to be upward. Thanks to you, greetings.

PharmaMar daily chart

Hello José María. After the collapse of Santander after the results I bought a package of shares at 1.81 euros. I do not intend to do 'trading' far from it, I am going long term. How do you see the title two-three years from now? Thank you very much. A greeting. I.P.

Dear reader, good afternoon. Santander presents significant support at the annual lows, which in turn coincide with the lows of 2009. There are several attempts to pierce it, unsuccessfully for the moment. This makes the risk-return equation optimal on the long or bullish side at current price levels, with a 'stop loss' below the aforementioned support. Below we have the 2002 lows of 1.50 euros. That said, figure back we don't have. At the current market moment we would only have a figure back above the June highs, at 2.60 euros. Thanks to you, greetings.

Banco Santander monthly chart

Hello, José María. I have Bankia shares bought at 1.03 euros from an analysis that I read on your page about an invested 'HCH' and the truth that it has nailed it. How do you see the stock at the moment after the merger with CaixaBank? Is all the fish sold already? Greetings and thanks for all the analyzes that you carry out and that you help us so much. TO THE.

Dear investor, good afternoon. Bankia We analyzed it again this Thursday (you can read it here) and for the moment what we know is that it has slowed down where we would expect it to, at the resistance of 1.50 euros. But this does not mean that it cannot continue climbing positions. Prices should take a little breather and drain the latest excesses, as in just over a week the stock has appreciated 50%. Action-reaction phase. Also know that we are not talking about a change in trend in terms of the medium and long term because it is not like that. To this day, everything is still part of a rebound, violent of course, within an impeccable downward trend in the background. Thanks to you, greetings.

Bankia weekly chart

Good morning, José María. I would like you to analyze Gestamp and bitcoin. Not much is said about them and I would appreciate any feedback on them. Thanks for your analyzes, they are of great help for those of us who do not dedicate ourselves to this. Regards. F.R.

Dear investor, good afternoon. True, these are two underlying factors that very few people ask about. Starting by Gestamp, tell you that it is a very bearish value. In free fall. In the short term it is rebounding (reaction phase) as a result of extreme overselling and little else. As short-term resistances it has 2.44 euros and above and of greater relevance the June highs at 3.08 euros. And above and far from the current levels the bearish guideline, which goes through 3.80 euros. As supports we have 2.11 and the historical lows (1.84). In any case, it is a very bearish value and therefore and by definition without the slightest interest in investing in it.

Gestamp weekly chart

Regarding the bitcoin I must first admit that I expected that the support at $ 10,500 (previously strong resistance) would have stopped the last corrective movement. But in any case nothing has really changed, since the important thing is that the price continues to build rising lows and highs from the March lows. What's more, even the fall towards $ 10,000 today fits into a simple 'throw back' to the old resistance zone, with some price dilation of course. Let's see if from here it is able to restructure to the upside with a goal of resistance at $ 14,000 (the highs of 2019) and the all-time highs at $ 20,000. In short, I expected to see bitcoin much higher at the moment, but on the other hand, no further deterioration is observed from the price series. Thanks to you, greetings.

Daily chart of the future of bitcoin

Hello good Morning. Can you think of a short-term strategy in the euro / dollar for an operation with leverage? Thank you very much, greetings.

Dear reader, good afternoon. He euro / dollar we analyze it this Thursday (read it here) and the truth is that when it comes to the very short term, I don't see any 'trading' window that is more or less clear. It is true that the latest falls may be part of a simple support (throw back) to the top of the long-term bearish channel. But it is also true that the proportional correction / adjustment seems very small compared to the previous increases. I don't see anything clear at the moment and when you don't know what to do, the best thing is to do nothing. I sincerely believe that the best thing is to wait for the price to define something else and then, with a clear 'stop' (things that we do not have right now) jump into the pool. Thanks to you, greetings.

Euro / dollar weekly chart

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