Technical analysis practice: IAG, Cellnex, Acciona, Logista, Zardoya, BioNTech, Monster Beverage and L'Oréal
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 BioNTech, L'Oréal, Acciona, Zardoya, Monster Beverage, Logista, IAG and Cellnex.
Good morning, could you analyze BioNTech? Thanks a lot. M.C.
Dear investor, good afternoon. BioNTech It's a title that I like, I don't dislike it at all, although we already know how biotech companies move for the bad and for the good. The underlying trend is upward without any doubt and the truth is that, in addition, it seems that the price is shaping an ascending triangle (with bullish implications). Although for this it would have to be able to overcome the resistance it presents in the historical highs: $ 104.65, this is the highs of March and July. Below, on the support side, we have the bullish guideline of the last few months, now at $ 68. Thanks to you, greetings.
Good morning, José María. I want to thank you for your invaluable help to small investors. My query is regarding L'Oréal. It has been very erratic for a few weeks and despite the recent increases I would like to know if it is time to sell or is it a normal, one-off correction. Greetings. V.LL.
Dear investor, good afternoon. The weekly chart of The real reminds me a lot of LVMH. Securities clearly bullish in long-term terms and belonging to the luxury sector. Title that presents a most interesting aspect in the sense that it seems to be moving within a side that can be broken upwards at any moment. And if it does, it would also be placing itself in absolute free rise. With the upward implications that this has for any underlying in the same situation. The levels to watch are at 269 euros below (support) and 297 euros (resistance). In short, it is time to continue keeping the portfolio. Well, I do not rule out that it could break to the upside at any time. Thank you very much, sir.
Good morning, José María. I wanted to ask about Acciona, which was analyzed weeks ago and it seemed that it was going to stand out due to the double bottom formed, but it has not been like that. Has the figure been canceled? I also ask you to analyze Zardoya, who does not stop falling, what is the floor? Thank you very much and greetings from Madrid. F.GL.
Dear reader, good afternoon. On Actuate and specifically about this topic we have already spoken recently. In short, the double bottom failed, but it has not stopped being bullish, which is what we should really be interested in. The upward trend since mid-2012 is impeccably bullish, for this you just have to look at the guideline in which the price has been supporting since then, as well as the impeccable support in it. So as long as it is not pierced, we will not have the slightest sign of weakness within the current price structure. This currently passes through the area of 80 euros. Also presenting an important support, in my way relevant, in the annual lows (74.70). As more immediate resistance we have the last great decreasing maximum at 105 euros. In short, to this day it is still a bullish title despite the recent falls.
Zardoya It presents a very clear long-term support that it would be good not to be pierced if we do not want to start seeing ghosts: the level of 4.90-5 euros. Here the title has bounced numerous times since 2008, which gives us an idea of its relevance. This makes the return-risk equation optimal at the current time by placing a 'stop loss' at a precise weekly closing below 4.90 euros. But of course, if you have to jump into the pool, it has to be now, since the support is just around the corner and it seems quite clear. Thanks to you, greetings.
Good Morning. I would like you to analyze Monster Beverage. It seems to be starting to be bearish. Thank you. JM.AG.
Dear investor, good afternoon. Monster Beverage It is a bullish value in terms of medium and long term without any doubts. But that is not incompatible with the fact that in the short term we have it in the corrective phase (decreasing highs and lows). After all, the correction of the last few months fits perfectly within what can be a corrective 'abc'. Movement that would correct / adjust proportionally the previous important increases in order, in theory, to continue climbing positions in the medium-long term. This title presents an important support area at approximately 70 euros, previously a historical maximum. This title continues to be bullish in the medium-long term and that is what is really important. Short-term drops are simply noise. A greeting.
Good Morning. My question is about Logista, where do you think the company's current correction can go? At what price level could we enter the value and what are its resistances? Thanks a lot. O.A.
Dear reader, good afternoon. At this moment there is not much visibility regarding the technical situation of Logista. In fact, right now we have him in the middle of the resistance zone, in the upper part of the bearish channel through which the price has been moving since June. Which leaves the door open unless you jump hard over it, to search again for the base of the channel. And even leaving the door open for it to test in the future the support it has at the annual lows (11.88). It is a value in a corrective phase and still far from building some kind of return figure. Thanks to you, greetings.
Good morning, José María. I would like you to analyze Cellnex and IAG's performance towards the end of the year / beginning of 2021. Thank you very much. Greetings. N.A.
Dear investor, good afternoon. Don't get me wrong sir, but a server doesn't have the crystal ball. I leave that to the fortune-tellers, but it is not a question for the analysts. What I can tell you soon, as you know, is that IAG is still very bearish. And Cellnex quite the opposite, very bullish.
Starting by IAG, title that we analyze this Monday (You can read it here), we can see how it presents an important resistance zone in the area of 1.20-1.21 and as support we have the annual minimums at 0.977 euros. And as long as it doesn't get out of there, we won't have any clues as to what the next big trend move might be. And even if it jumped above 1.21 euros, we would still have decreasing highs and lows. And so it does not go up. We don't have any back figures in the title and this one, when the time comes, will take a long time to build. But in the meantime we can undoubtedly witness important rebounds against trend (reaction phases). But of course, within a deep downtrend.
As to Cellnex, I invite you to read here the analysis that we carried out this morning before the opening of the session. The graph is clear because, in addition, at this moment it is attacking the resistance it has at the annual and historical highs. For the moment, intraday, we already have a new all-time high at 56.88 euros.
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