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 IAG, Codere, Apple, Alibaba, Technogym, Nvidia, Santander and Audax Renovables.
Good Morning. I would like to know what you think of the short-term future of IAG and Codere. A greeting. M.
Dear investor, good afternoon. IAG it is very bearish in terms of the medium and long term and in the short term anything is possible. We can even witness strong rebounds against trend (reaction phases). In fact, in the last sessions / weeks it has rebounded slightly more than 20%, but with everything and with that it is nothing more than a simple 'pull back' towards what is the most immediate resistance, before supports. Also, the decreasing highs and lows are still there, intact. And this is nothing more than the simplest definition of what a downtrend is. Can read here a broader analysis that this morning we posted on our page on IAG titles.
As to Codere three quarters of the same that we have discussed at IAG. Only this one is even more bearish. What does not take away so that it sometimes rebounds strongly, but always within an impeccable downward trend in the background. In fact, it is enough to look at the long-term weekly chart to realize, in addition, the impeccable bearish channel through which the price has been moving since 2015. Channel whose upper part, by definition resistance, is currently passing through approximately 2 , 57 euros, approximately coinciding with the June highs at 2.40 euros. That is, even if the title doubled in price, everything would remain the same, nothing would really change. A greeting.
Hello good day. Do you think that after the fall that Apple has had, after knowing its new generation of products, there may be an opportunity to buy shares at an interesting price? I know that the answer is not exact, nor sure, it is simply because of the curiosity of your opinion. A greeting. M.G.
Dear reader, good afternoon. First of all, know that this Tuesday the Apple Event takes place, where it seems that the iPhone12 is going to be unveiled. With that said, know that Manzana it's one of Wall Street's ever-bullish stocks. Which is not to say that you always have to go up. This has corrected the last excesses in recent weeks and the truth is that right now an attack on the annual (and historical) highs, at $ 137.98, seems much more likely than a return to the support zone of $ 100 and even the bullish gap it has at $ 96.19. To this day, this title has shown that whenever it corrects with some force, the falls end up being a clear buying opportunity. A greeting.
Good morning, Mr. José María, I would like you to analyze the shares of Technogym and Alibaba to buy in the long term. A greeting. A.P.
Dear investor, good afternoon. Technogym It is a value that is moving within an impeccable lateral movement since May, with a very clear support area at 6.85-6.90 euros and resistance at 8.75 euros. And the truth is that as long as it does not get out of there we will not have any clue about what the next big movement in trend may be, or at least in the short term. If the base of the side is pierced, the normal thing is that it looks again for the annual minimum at 5.45 euros. And above 8.75 euros, it would probably go to look for the important resistance it presents in the daily bearish gap of 11 euros. But in the meantime, to wait.
As to Alibaba, the graph speaks for itself. So much so that last week it set new all-time highs in weekly candles and that says it all. Furthermore, it would seem that the price has risen above a bullish channel, with a gap, has filled it (not closed), has leaned on the upper part of the channel (throw back) and from there it is restructuring again to the rise. It is a very clear to keep in the portfolio. A greeting.
Good morning, Mr. José María. Once again, thank you very much for your helpful analysis. Could you tell me Nvidia supports? I entered in mid-September, thinking about the long term. How do you see the future of this? Thank you very much. A greeting. MA.B.
Dear reader, good afternoon. Nvidia It is one of the technological titles that is doing the best of the year. It is a free rising value and therefore by definition it is a clear hold in the portfolio. But just like, among many others, Apple. They are clearly bullish stocks in terms of the medium and long term. But that they can correct the latest excesses in the future without actually anything happening. Look at the support level, previously important resistance, of Nvidia's $ 300. It does not mean that I will correct up to there, far from it. But I want you to understand that a potential fall there would be neither more nor less than a throw back to this important support zone, formerly resistance. And with everything and with that the value would continue to be bullish in terms of the medium and long term, which is what we should really care about when entering the market. That said, in the very short term the title has interesting support at the $ 468 level (September lows). And above we have the historical maximums at $ 589.07. Thanks to you, greetings.
Good José María. I have recently bought shares of Santander at 1.81 euros and of Audax Renovables at 1.85 euros with the idea of holding them until the end of the year. What do you think of the idea and how do you see the titles in the short term? Thanks and greetings from Almuñecar. A.OH.
Dear investor, good afternoon. Santander it is still a very bearish title despite the rebound in recent days. It's actually a tiny rebound compared to previous drops. What's more, at the moment it has not even been able to attack the most immediate resistance, the one at 1.77 euros, previously important support. We do not have a return figure of any kind to this day, nor is it expected. In fact, the first sign of real strength is to be able to jump above the resistance of 2.60 euros (last great decreasing maximum). But in the meantime it doesn't matter how much the title bounces because it won't stop being bearish for it. And let's cross our fingers so that yes or yes it respects the important support of 1.50 euros.
Finally, regarding Audax Renewables, we have deployed a wide side since 2018. With a very clear area of support in the annual lows, at 1.22 euros and resistance at the highs of the year (2.76). And yes, I know, the control zones are very far from current prices and therefore are very little or not at all operational. But the levels to watch, like the 'stops' are set by the market. Not the investor just because and in any way. And therefore and to the extent that the price does not jump up or down we will not have the slightest clue about what the next big market movement may be. Although seeing the strength that this sector continues to show, you just have to look at Solaria, it is expected that it will end up breaking out. Thanks to you, greetings.
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