alexinve

alexinve

Bat pattern spotted in CABK + Elliot Waves finished at (E) may set continuation to 1.80€. Bankia won 64% less YoY. But good earnings (or better than expected) may lead the stock price straight to 2.20-2.30.

alexinve Updated 

H&S pattern and earnings outcome on July 31 may drag the price down to new historical minimum levels at 0.58, following long-term bearish channel. Also, second wave in Spain swelling may put pressure downwards on the stock price due to the company's main business: ATM's cash, which in covid19 days people are less keen on using physical money and prefer paying with...

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Sideways movement presents low volume and in the past two years (2018 and 2019), HLE has entered July in a bearish mood. From the upside, the price is at 0.5 fibonacci retracement level although the head formed on June 8 surpassed 0.618 for a bit. From the down side (blue fib retracement), the price is at 0.236 level. A sharp fall beyond 0.382 level in the next 2...

alexinve

Although its profits amounted at a record level last year 2019 at €165 million (+5.1% YoY), a head and shoulders figure appears in the short term maybe to drag the company to 14.10 zone at the end of July or beginning of August. Pharma logistics and convinience products division had a very good behaviour. EBITDA was €81.5 million (+11.3% YoY) However, in the first...

alexinve

Or will it just kiss 1.20 level this year? This weekend July 17-18 may be an inflection point for the pair.

alexinve

The bank's results are due on July 24th. JP Morgan and Wells Fargo saw sharp declines on profits (-51% and -71% respectively) yesterday and I expect Spanish banks will be unable to avoid them too. Besides, CABK has been the bank who's best performed in the short-term post-covid era, so we could expect bigger downward corrections than those in Santander or BBVA...

alexinve

Target 0.21? If the figure is not completed today then it may move sideways for a while.

alexinve Updated 

Reading "The pandemic remains uncontrolled in the US, but the economic recovery continues apace" is not 100% good news. 4.5 million jobs in june still does not eclipse those 33 million lost. I think July is going to be a very volatile month and we might experience the DAX coming to 0.382 Fib level as of July 17 on wards, after reaching 12,800-12,900 level when RSI...

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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...

alexinve

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.

alexinve Updated 

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.

alexinve Updated 

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...

alexinve

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.

alexinve Updated 

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...

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Trump administration wants to put tariffs on German, French, English and Spanish exports to the US, amounting $3100 million. Tomorrow, US opens a query period lasting one month, until July 26. These tariffs could be set as 100% of the produce value. A new trade war has been started due to Airbus subsidies and revived taxes topic to american big tech companies such...

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This morning, I saw an educational video from transparent-fx and showed that the EURUSD is shaping an inverse H&S in D chart and indeed it is. Besides, in the H4 chart it comes from shaping a non-inverse H&S what makes you realise that the pair is experiencing a sideways movement since June 8. If the figure is finished, by June 30 EURUSD could reach 1.14. In...

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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).

alexinve Updated 

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...