Technical analysis office: Telefónica, Moderna, Nio, Apple, Everest, Unilever, euro / dollar and the Ibex
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 Telefónica, Moderna, Nio, Apple, Everest, Unilever, Ibex and the euro / dollar.
Hello. Regarding Telefónica and taking into account the discount it presents, is now the best time to enter or do you still have to make ground? What are your prospects for 2021? Thank you very much. J.R.
Dear reader, good afternoon. Telephone We have analyzed it in the Office this Wednesday and as you can imagine there are no changes of any kind. Often 80% of the time price movements in markets have no implications of any kind. It is very difficult to reverse a basic or primary trend, which in the present case is still bearish. What does not mean that within this we attend important rebounds against trend (reaction phases), such as that the price tries to fill the weekly downward gap in March at 4.63 euros. Or that it can attack the main bearish guideline that at this moment passes by approximately 5.60 euros.
From which it follows that to be able to speak of a potential change in trend, what less than to leave behind the bearish guideline. Which means at this time to go up more than 50%. Thanks to you, greetings.
Good morning, how are you? I hope very well. I would like to know what you think about Moderna, Nio and Apple. I am invested in them and would like to know your opinion on them. Thank you so much for everything. Greetings. L.R.
Dear investor, good afternoon. Starting by Modern, tell him that it is the company within all the news about vaccines, which presents the best technical aspect. Although we can say the same for BioNTech. At the same time, there is not much to say because it is a free rising value that can attack all-time highs (178.50) at any time. Below, on the side of the supports, we have the most important in the previous highs ($ 95.20) and little else can be said today. In my opinion it is a clear hold in portfolio. What I would not see is entering now, more than anything because it would be arriving very late to the market and thus not entering. Although what is really important is that it is clearly bullish, in all terms.
As to NIO, the same thing happens in Tesla. They are two very bullish values. But we have to know that to open now long is to arrive too late to the market. And the risk is that it decides to correct / drain part of the important rises while still being bullish for it. And yet, lose a lot of money for it. That said, the title has been embedded in a flawless bull channel since last summer. It is important that the title does not pierce the short-term support it presents at $ 55.67 in weekly candles. Doing so can be the prelude to the beginning of a short-term corrective phase. A well deserved rest, a stop along the way. But as long as it remains in the bullish channel we will not have any sign of weakness within the current price structure.
Finally, regarding Manzana, is another security that has recently set record highs, which means that it is an absolute free rise value. This is not incompatible with the fact that we can witness falls in the short term. In fact, the most immediate support is at the previous all-time highs: $ 137- $ 138. In short, the three values you are asking me about are clearly bullish. And the one that has run the least from them would be Apple. This is much less volatile than the other two and it is reasonable to think that any correction of a certain entity should be used to get back on the shopping train. The other two have run too much of late. Thanks to you, greetings.
Good Morning! Thanks for all your work, it helps us small investors a lot. Taking advantage of the analyst's knowledge, I wanted to ask him about two values that I find interesting: Everest and Unilever. Thank you very much. A.M.
Dear reader, good afternoon. Everest It has recently pierced the support of $ 225, the base of the side of the last few weeks, and everything suggests that it may fill the bullish gap of the session of November 9 at $ 210.68. Let's say that in the gap a small trading window opens for us on the long or bullish side and as long as the gap does not close, or what is the same, it is canceled. Closing it would be a sign of weakness, a prelude to what could be a return to the horizontal support that it presents in the October lows: $ 193. In any case, it is not a value that at this moment seems interesting to me, because after all it has turned down after bouncing / adjusting 61.8% of the entire fall from the highs of February 2020. It is In other words, it cannot be ruled out that we have witnessed a strong rebound and little else.
As to Unilever presents a graph similar to the previous one. With a very clear support area at the December lows (46.69), coinciding with the bullish gap on July 23. Above, on the resistance side, we have the most important control zone in the October and November highs: 53.70 euros. Above these highs, it is normal for the title to seek the all-time highs (57.77). But at this time, what is really important is to ensure that the December lows are not pierced. Thanks to you, greetings.
Good morning, José María. I would like to know, knowing that as you. He is used to saying "he does not have the crystal ball", what is his forecast for the Ibex and the euro / dollar for 2021. Thank you for this section that I never miss. Greetings from Tenerife. CS.A.
Dear investor, good afternoon. The IbexRebounds aside, it's still bearish. In the shortest term, it has come to a halt at the adjustment / retracement level of 61.8% Fibonacci from the highs of February 2020. But even when it exceeds the resistance of 8,500 points, the upward trend seems quite limited: 9,700 points, coinciding with the high part of the long-term bearish channel. Or in other words, even if the Ibex rebounded towards 9,700 points, nothing would really change because in the end it would be a movement towards the upper part of the bearish channel.
Regarding the euro / dollar, it seems to be shaping a triangle (falling highs and rising lows) after being able to get past the main bearish guideline. However, in the last bounce it has fallen below the important resistance it presents in the 2018 highs: 1.2555. Only above this great resistance, I would begin to look at the cross with different eyes since we could speak of medium-term growing lows and highs. But in the meantime I am not very clear about what the price may be telling us. Thank you very much, greetings.
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