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Technical analysis office: PharmaMar, ACS, Reig Jofre, Naturgy, Facephi, AXA, Micron Technologies and Twitter


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 ACS, AXA, PharmaMar, Naturgy, Reig Jofre, Facephi, Micron Technologies and Twitter.

Technical analysis

Good Morning. Dear Don José María. First of all, thank you for your accurate analysis. My question is about ACS and AXA. Are they good values ​​for the long term? Thanks a lot. F.B.

Dear reader, good afternoon. ACS It has been hit hard in this last great crisis and until then it was one of the most bullish stocks in our market in long-term terms. And now it can be said that its appearance is rather neutral, which is no small thing considering how the bulk of the market is. That being said, we have him attacking the top of the wing in recent months. A weekly close with room above it would be an important sign of strength, a prelude to what may be the start of a significant upward trend. Of course, with the permission of the important resistance that it has in the bearish guideline that joins the decreasing maximums from the historical maximums of 2019 and that at this moment goes through the environment of approximately 27.50 euros.

ACS weekly chart

As to AXA, the insurer seems determined to attack again the resistance it presents in the area of ​​20 euros: the highs in June and the weekly downward gap in March. Above the next control zone we have it in the environment of 22.30 euros and then the annual maximums. That said, I am left with the fact that in the last fall the price has marked a first rising maximum, which is no small thing. Very kind for your words, thank you very much.

AXA weekly chart

Good morning, Don José María. I would be interested to know if something has changed in PharmaMar. And what do you expect in the short term from Naturgy and Reig Jofre? Thanks a lot. THE.

Dear investor, good afternoon. Everything remains the same in PharmaMar as we have been commenting long ago. The title has continued to move sideways since mid-June within an impeccable uptrend in the background. However, it is key that the support zone of 76.20 euros (upward gap of the June 16 session-78 euros (September minimum) holds. The drilling of said control zone would be a major sign of weakness in the titles of the biotech company.

PharmaMar daily chart

As to Naturgy last week it activated an important signal of strength as it was able to close the bearish gap in the week of mid-March. Therefore, that hole no longer exists, before it was a slab and now it is nothing. Let's say that the conditions are in place for the price to head towards the resistance it has in the bearish guideline (the area of ​​21 euros) and above it it would have a clear path to the all-time highs that it marked in 2019 at 24.44 euros. .


Naturgy weekly chart

And finally, regarding Reig Jofre, I have to tell you that I do not see anything clear. There are times when things are seen with relative ease, but I have nothing clear in this title. I do not see any signs of weakness in what is the last big bounce from the yearly lows. And as resistance we have 5.23 euros and above all 8.67 euros (2015 highs). But what I say can be seen by anyone. The only thing that I do not dislike at all is that, specific expansions apart from prices, it can be said that the area of ​​historical lows (the 2012 lows) have not been drilled. The stock has failed to build a new declining low in the latest crash. You have to start somewhere. Thanks to you, greetings.

Good morning, could you analyze Facephi? Thanks a lot. J.U.

Dear reader, good afternoon. Facephi It is in a very interesting market moment. Within the bottom uptrend, or primary, we have lately embedded within what appears to be a symmetrical triangle (decreasing highs and increasing lows). We are going to see where the price ends up jumping, although the logical thing would be for it to do so upwards because of the fact that the triangles are mostly patterns of trend continuity. We can only wait to see where the price ends up jumping and act on consequences. Thanks to you, greetings.

Good morning, what can you expect from Twitter in the coming months? What about Micron Technologies? Thank you very much for your attention. M.CS.

Dear investor, good afternoon. From the annual minimum zone Twitter It presents an impeccable upward trend (increasing minimums and maximums). But in the short we have him in the corrective phase. With a very important resistance zone in the bearish gap of $ 52.43. At the moment it has stopped at the important support zone of $ 38- $ 39 and it is important that this support is respected if we do not want to see a deterioration of the chart. But it is true that to the extent that the stock does not close the bearish gap of the October 30 session, the 'trading' bias will be lateral in the best of cases.

As to Micron Technologies, It is a clearly bullish value in long-term terms as is the whole sector. It is already trading close to the important resistance it has at the 2018 highs at $ 64.66. And if it were able to confirm the next stop above, we would place it at the historical highs at $ 97.50 (year 2000). The sensations are very good, no doubt. Thank you very much, greetings.

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