The whole board directors of the company bought shares during the last correction previous to the big rally that broke levels previous to COVID.
Anyone really thinks that everyone is going to jump into casinos to burnt the little money they saved before getting fired?? Remember that many of the gamblers belongs to poorly educated people. Gambling is no more than a...
On a daily chart, the incoming volume has steadily decreased and the price has remained stable.
I am not optimistic about a clear bullish trend, but there is a chance that volume will start to flow again in and slowly push the price.
Checking the hourly chart, It seems it will go long during the next 2-3 days but I'm not sure it's a general trend.
My opinion in the medium term it will remain lateral until the industry in Spain goes back to a regular production and then increase the electrical demand.
Due to the lack of incoming volume and the general sentiment in the markets, that is waiting until we can see the reopening of businesses and probably waiting also until the Q2 results, this stock will remain lateral with maybe a weak upside trend.
Forced continuation pattern?
On a daily chart we can see the evolution since the stock price touched the bottom on 95$, after that it rebound to 180$ and everytime it touch the line of 120$ we can see an incoming flow of buying volume.
Considering the line of 120 as a support we can watch a wedge pattern that could brake and soar if good news on the air transport...
I will focus on the daily chart in order to get a wider view on what is coming the next few weeks, if we focus exclusively on price and volume we can see:
-Price has gone up after the biggest stimulus in history was announced, as you can see on the volume coming into the asset. Probably due as the big investors new that that was the bottom of the crisis.
- If we...