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As long as Telefónica builds decreasing maximums and minimums there is nothing to do

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Telefónica is the third Ibex value that fell the most in 2020 (-42%), behind Banco Sabadell (-63%) and IAG (-61%). On the other hand, those who increased the most were Solaria (+ 248%), Siemens Gamesa (+ 107%) and PharmaMar (+ 72%).

Technical analysis
DOWN TRENDING VALUES
DOWN TRENDING VALUES

Short term

Medium term

Long term

Everything remains the same in Telephone. There are several weeks / months in which we have been repeating over and over again that the important one-off rebounds that sometimes occur are just that, simple rebounds. We do not have a return figure, nor is it expected. And if we look at the weekly chart in perspective we realize that any big bounce always stays below the maximum of the previous bounce. And so it cannot be climbed, it is impossible. Building decreasing highs and lows can only fall.

Another proof of the extreme weakness of the security is that it is trading at more than 40% of the important resistance conferred by the weekly bearish gap for March at 4.63 euros. Hollow that, among many others, BBVA has already closed. And the Ibex, Santander and Repsol are attacking him in recent days, although for the moment without success. Not to mention the bottom bearish guideline, which is more than 70% above current levels Price.

Telefónica weekly chart

. (tagsToTranslate) While (t) Telefónica (t) builds (t) maximums (t) minimums (t) decreasing (t) nothing (t) do (t) Category: All (t) Category: Market Report (t) Category : Technical Analysis (t) Category: Pulses (t) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Communications

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