Pharmamar PHMGood morning, today I present the analysis of PHM, a Spanish company pharmamar in the race for the vaccine against Covid19.
It is being a great trading year for this company.
The bullish structure marked by the yellow arrow has been broken, but the new structure, the bearish one, has not yet consolidated.
You have marked supports and resistances to see possible changes in trend ... We mark some of them, the purple and blue arrows.
Sincerely L.E.D Be Safe!!
In Spain on 10/20/2020
IBEX 35 CFD
IBEX35 Trade still in play. Huge R:RI initially posted IBEX 35 set on July 30, it's taken quite longer than I thought it would but the trade is still in play with even better risk reward ratio.
Original chart
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Good Luck!!!
ridethepig | IBEX📌 Another example of the erroneous breakdown, a very similar position to DAX, CAC, FTSEMIB and STOXX. We can see how clearly the virus is leading the equity board, as Spain were the first to enter back into the second wave the prevention of a freeing breakup is being made possible via the important loss of diagonal support.
"Sell weakness, and even more when the lows are untested in an environment which can be described as very similar to the original protection. The fact that we are technically well placed when it comes to sub 7,000 we should express dramatically more weakness in Spain and play another test of its lows".
As usual thanks for keeping the feedback coming 👍 or 👎
CRASH IBEX35 (SPAIN )Here I share the fall that awaits Spain and in what year could have the strong recovery. As long as we fight to do things right with the help of companies and with good economic management. A possible decade of waiting.
Aqui comparto la caida que le espera a España y en que año podría tener la recuperacion fuerte. Siempre y cuando se pelee por hacer bien las cosas con la ayuda de las empresas y con una buena gestion económica. una posible década de espera.
SP35/IBEX35: Trade Strategy SWING TRADERS(SL/TP)(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SP35/IBEX35: Trade Strategy SWING TRADERS(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because short-term I expect FINAL
PUSH higher to re-test 8300/8340 resistance.
🔸 Summary and potential trade setup
::: IBEX/SP35 2weeks/candle chart review and outlook
::: BEAR flagging currently
::: however, print near 8300/8340 required
::: BUY/HOLD NOW for +1000 points gain
::: 15-20% upside BULLS NOW
::: sellers will come later from overhead
::: 8300/8340 HEAVY RESISTANCE
::: recommended strategy: BUY/HOLD TP 8300
::: swing trade setup / no fast gains here
::: strategy BEARS (later): short 8300/8340
::: TP BEARS is +2500 points (30% decline in rate)
::: SL 5% both sides
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
TOP-10 Most Important Banks in SpainThis is a review on a monthly view of the main banks in Spain.
We are not going to make any more comments than to limit ourselves to paste the charts, just to say that they are inside a big shit. In which one would you put your savings?
Greetings and God bless us.
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Banco Santander:
(this one attached to the idea)
Banco Bilbao Vizcaya Argentaria, BBVA:
Caixabank:
Banco de Sabadell:
Bankia:
Banco Popular:
(no info found)
Bankinter:
Unicaja:
KutxaBank & Ibercaja Banco:
(no info found)
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And finally a view of our main index, IBEX35:
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We need more brrrrr brrrrr brrrrrr...! Please Lagarde give us more brrrr brrrrr brrrrr!
SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(SWING)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
SP35/IBEX: BEAR flagging 30%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBEX/SP35 chart review and outlook
::: bear flagging on 4days/candle chart
::: 8300/8350 massive gap fill pending
::: GAP is getting filled and then we are getting
::: a 30% correction in Q3/Q4 2020
::: up to 30% correction next 6/9 months
::: short-term likely more upside though
::: currently trading at 7 000
::: so next 4-12 weeks may pop higher
::: HEAVY RESISTANCE: 8300/8350
::: Recommended strategy: SHORT IT 8300/8350
::: SL 5% TP1 20% TP2 +30%
::: SWING trade setup for patient traders
::: do not expect fast/overnight gains
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL
IAG en la parte baja del canal ascendenteSi la resistencia de 2.25 aguanta, estos días romperemos la diagonal que viene desde la caída de Marzo al comienzo de la tendencia bajista de Mayo.
Con noticias sobre reapertura, compra de air europa , vacuna o ayudas del estado puede ser fácil que rompa hacia arriba continuando el ascenso.
IBEX 35Son muchas las variables que atraviesa España, entre las más notables están su gasto público en aumento y el secuestro político de caracter socialista que amenaza el libre mercado.
Esto también refleja como minímo en su indice más importante su descenso de máximos históricos a través de los años.
Año 2007, 15000 pts (La burbuja financiera mundial que tampoco perdono al país vasco)
Año 2009, 12000 pts (Un intento entre el equilibrio del gasto público y el dejar que lentamente la economía sin mayores medidas opcionales, se recuperen)
Año 2015, 10000 pts (Alcanzado equilibrio entre seguir subsidios y seguir con el sueño español)
Año 2020, 9000 pts antes de la pandemia.
Conclusión:
La divergencia de este indice con respecto al Estadounidense o el Aleman, data que independientemente de los aspectos mundiales, la economía española debe entrar en revisión, comenzando por el espectro politico para reformar medidas economicas en pro del libre mercado y generar confianza en los inversionistas y luego tomar medidas no populares pero de mayor sacrificio por el bienestar a largo plazo de las generaciones por venir.
Correction CompletedHi 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 lose the bullish chanel we can spect a third impulse.
Spain35 IBEX35 Short ideaOn the 60 minute chart, price is obeying the blue dotted transagonal support & resistance contracted channel.
As price hits the (daily) orange (transagonal resistance), we should see a correction leading to a move to the downside to the lower (daily) orange transagonal (support) line at approx to 7015.1 to 6930.7.
*Black lines = daily S/R
Elliott Wave View: IBEX Has Turned LowerIBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from 3.16.2020 low also ended wave ((4)) in higher degree. The move higher in wave (C) of ((4)) ended at the 100% – 123.6% equal leg area from 3.16.2020 low at 7824 – 8153 area.
Index has since turned lower in wave ((5)). Technically it still has to break below wave ((3)) at 5814.6 to avoid a double correction. Near term, the decline from wave ((4)) high at 7995.3 unfolded as a 5 waves impulse Elliott Wave structure. Down from wave ((4)), wave 1 ended at 7685.3, and bounce in wave 2 ended at 7859. Index extended lower in wave 3 towards 7205.80 and wave 4 bounce ended at 7425.20. Finally, wave 5 of (1) ended at 7065.2
IBEX is now correcting cycle from 6.8.2020 high within wave (2) before turning lower again. As far as pivot at 7995.30 high stays intact, expect rally to fail in the sequence of 3, 7, or 11 swing for more downside.
IBEX35 - final leg before trend to new lowsIBEX35 is tracing the final stages of intermediate wave 2. The most probable target range is between 7,800 and 8,450. After this intermediate wave 3 should bring down the index to new lows. If the index crosses down 6,850 the odds will indicate wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
Bailout coming - BBVA and their podcast experts (LMAO)So I've decided to somehow repost this big scheisse after the bank doesn't stop sending me emails saying they have experts analyzing the markets and wanting to give an explanation of why the stocks are going up. Really? Who are they trying to convince with this graph?
It will be bad, very bad. And in the end we will always pay for it, always the same. Enough! Because all spanish big banks are all almost in the same situation. If you want to check other countries issues: METRO, DB... can continue forever. Buff, I'm so annoyed today.
Be careful outside!
End the FED, end this fractional reserve system. Burn them all down soon.