This could be the end of the Bearish movement. Wait for the Weekly closing to confirm.
IBC continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, intermediate counter-trend wave 2 of primary wave 5 down. The next move should be intermediate 3, where the most probable target is is below 6,500. If prices crosses up 8,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
The idea is to hold - Hospitality Business is still too risky. Level 2.5 EUR is a significant level. (Based on the latest news on the COVID in Europe, the idea of going long is 55%, short 45%)
From the 11 of June, the Island reversal remains intact and now the Spanish index tries to close it. We will see the mission will be a success soon, but what I would like to see is that the gap remain open and the bulls will be closed to the island. So from the red resistance zone at 7600, the IBEX should turn down as I was expected in the related idea. Closing...
Melia Hotels Internationals , breakout with Easy Target 4.9
DEOLEO is back in the Spanish stockmarket and with higher average volume than the previous 3 months. It has cut its debt by 42% and earned €4.5 million in Q1, compared to -€7.5 million in losses in Q12019. It is a very risky investment and next results are set to be published around the first days of August (3/8/20). I would call for a long position until first...
The recent capital increase may drag the stock price lower from current levels. Fib retracement 0.618 stops at 2.33 but indeed 2.125 (from back in Dec 2018) is a great support that ORY might want to test.
Sabadell is undervalued with respect to its books. Target Price set at 0.20€ with error margin of 10% (down to 0.18€ level), being it 0.13 times its book value. Expecting to reach it on June 8 and from there, launching a 50-60% pull-back until June 16. After that, hostile territory. It can either correct downwards or take off up to 0.4-0.47 level.
Tomorrow might be the day where FAES FARMA goes to the lower bound for the last time at 3.60€ level and from there goes up to Target Price 4.50€. It can close the triangle formed from April 24 to today going down to 3€ or spiking up to 4.50€ from June 4 on. That would be from a short-term perspective. From a long-term one, optimum technical entry price is at...
Technical: RSI below 30 might mean a rebounce to 3.16 not later than Tuesday, however DOM is expected to pay dividend in a few days (6/7/2020) so the fallout may continue after early investors sell their stock on the firm bought on March 13.
Hi everyone, As you can see, the spanish Index has finest the structure AB-CD. If we close below the level 7.070 we can forget about the third impulse. If the price lose the level 7.070 and lose the bullish chanel around the actual price. 7.170. We can expect a new lower low around 6.400. The alternative scenario if the price hold the actual level and doesn't...
Focused on hemoderivatives (blood plasma), Grifols is great value by most of investors. Even though the company might be one day spitted by any scandal on how it is gathering the plasma in the US, americans have got a high stake on it and today it is focusing on an hyperimmune immunoglobulin with specific antibodies against the SARS-CoV-2 virus. Grifols estimated...
Trade Safe! Don`t be greedy! Take care and place small trades! If necessary, I will place more long trades at this asset! All new information or recommendations I will post on the comment section of this idea! In my opinion, this stock is at a good opportunity and has good potential for the stock price to go up!
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My previous analysis told to enter IDR when it reached 6.81-7€ level. However, the shape of a Head & Shoulders pattern has been confirmed today in H4 graph and we might experience further losses on the stock price, up to 6.41€ (lower bound of the slightly bearish channel it is forming).
Indra is moving inside a lateral channel with a slight bearish trend. In the last days there have been good news about projects that are being signed (i.e. Defense, Ireland) but it looks like global pandemic situation is making investors undecisive whether to hold positions on the stock or withdraw. Lond term trend is clearly bullish. The company was planning to...
Impulso alcista con pauta correctiva compleja, formación correcta de la Z y tras varios días rotura con decisión del eje 0, X, ´X, con lo cual espero segunda replica del impulso alcista. Además si sumamos a nivel macro en España y Europa la vuelta a la normalidad del Estado de Alarma, la libre circulación y demás datos de recuperación de la pandemia, todo esto...
Very bad news for the Spanish market, an island reversal(in the red circle) remain valid then the further decline will come and continuing pressure should lead the price near 6400. In this bearish view, I expect to see today gap remain open!