Next, we answer the values for which we have been asked the most throughout the morning. Cesar Nut, Bolsamanía technical analyst, puts under the magnifying glass Tubacex, bitcoin, Santander, Repsol, Telefónica, Apple, Ibex and IAG.
Technical analysis
Luis L. Good morning Mr. Nut. I was wondering if you would be so kind as to analyze both Telefónica and Repsol. Thank you so much.
Good morning Luis. Repsol it has not been able to with the historical maximums that it drew this same year in the 15.54 euros and loses the support of 15.14 euros. An extension of the short-term falls is confirmed and it seems very likely that we could end up seeing an extension of the falls to the level of 13 euros, levels where, more or less, the average of 200 sessions is found. It is important that it does not leave this average as it could confirm a significant slowdown in its bullish climb.
Telefónica maintains the rate despite the market crash. The company could be shaping a throw back to the mean of 200 sessions. Its technical aspect is not bad and everything seems to indicate that we could end up seeing an attack on the resistance of 4 euros. If these levels are exceeded, it would be the signal that would confirm a change in trend in the medium term and that would make us think of an extension of the gains to the level of 4.40 euros.
Ana L. Best regards. How about Apple? How far could the Ibex fall? Thank you.
Good morning Ana. Apple is shaping a throw back to the average of 200 sessions. His technical behavior in recent weeks has been good and everything seems to indicate that we could end up seeing the formation of a trend continuation figure. A close above $157.38 would be the signal that would confirm a change in trend. If at the end the break of this resistance level is confirmed, it is very likely that we could end up seeing an extension of the rallies to the $176.15 level.. Underneath, support that we will keep an eye on is $143.90. As long as it respects this price level, the possibility of a recovery in its technical aspect will remain alive.
Last Monday the Ibex it devastated the support of 9,069 points, to which must be added the bearish gap that was left on Friday. After the falls this Wednesday, a attack to the next level of support that it presents at 8,726 points. If you miss these prices, it is very likely that we could end up seeing an extension of the correction to the level of 8,400 pointswhere is the mean of 200 sessions.
Hector H. Good morning Mr. Nut. A few sessions ago I saw an analysis of his in which he commented that IAG was trading at key levels. Has it lost them? How far could it fall? Could you also tell me how you see Santander?
Good morning Hector. Indeed, IAG has lost the support of 1.60 euros and It is heading to the beginning of the bullish momentum at the beginning of the year that it presents at 1.3850 euros. Be very careful with the abandonment of this price level since it would confirm the abandonment of the 200-session average, canceling the change in trend in the medium term and making us think of an extension of the falls to the level of 1.20 euros. At the moment we do not see even the slightest sign of strength in its price series. It must be taken into account that the bearish gap from last Friday at 1.73 euros remains in force. As long as it does not cover it, we will be extremely cautious.
Santander began the week pulverizing the support of 3.40 euros. In the short term, everything seems to indicate that we could end up seeing an extension of the falls to the level of 3 euros.. If you do not manage to hold onto these prices, the most normal thing is that we can end up seeing an extension of the falls to the level of 2.80 euros, where is the mean of 200 sessions. In the short term we must let it fall, even more so if we take into account the bearish gap left last Friday at 3.7685 euros and which is a reminder of the current weakness.
Willy P. Good morning. I would like you to give me your opinion about bitcoin and about Tubacex. Thank you and congratulations for your section.
Good morning Willy. He bitcoin it has rallied strongly after losing support at $21,380. The ‘crypto’ has covered the bullish gap of mid-January and is attacking, again, the key resistance of 25,345 points. This Tuesday we saw how it managed to pierce these prices, but it has not yet managed to exceed them. If it ultimately manages to close above this level, it is very likely that we could see an extension of the rallies with the aim of covering the downside gap left in mid-June at $29,150. Below, the first support level could be located at the lows of the bullish gap left last Monday at $20,090.
Tubacex offers a very good technical aspect. Last Tuesday we saw how it managed to overcome the upper part of the lateral band in which movement has been taking place in recent weeks. This has brought its price closer to the key resistance of 2.635 eurosmaximum of last year. If it manages to break above these prices, it is highly likely that we could see an extension of the gains to the €2.97 level.. Without a doubt, it is a value to take into account in the coming days.
Bolsamania
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