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GRIFOLS: Results day coming on Feb 26. Then to the moon?68.2% of GRIFOLS revenues come from the US and Canada. Covid19 cases there seem to be decreasing. The company is delaying more and more its deadline of results for the phase III of the inmunoglobulina antiCovid-19, now until spring 2021. If GRLS results are positive or better than expected (specially Q4 ones), I expect a jump from 21.61 to 26 in a matter of 2 weeks. The 2020 annual earnings are due on February 26. Grifols has a key support on 21.61 and then a structural support on 20.77. This week we'll see how it goes but as soon as it touches 21.61 is already a buy in my opinion and hold until Feb 26. Then depending on the results, sell or hold until its price objective recommendations which are around 30€. Note: RSI-14 is also below 30, so we might expect a change of trend sooner than later. Good luck traders and long-term investors!
BME:GRFLong
by alexinve
Banco Santander: Love story with Blackstone gone wrong?Quasar is the firm created by Banco Santander in association with Blackstone, who holds 51%, to deal with Banco Popular's toxic assets. In 2019, Quasar suffered losses of €1229 million and covid19 may increase them a lot. If Blackstone decides to bring the Spanish bank to court, SAN could face subpoenas and legal amendments that could bring down SAN's shareprice once again from its recent peak 3€. Therefore, in the coming weeks investors will be careful on including SAN shares in their portfolios and we might expect some volatility once SAN touches 3.16 level, as I do not expect it to cross Fibonacci retracement level of 0.78 because its RSI will have already surpassed 70 (overbought). But watch out short sellers because analysts predict that Banco Santander will have €4300 million in profits for 2021 compared to its losses of €8771 million in 2020.
BME:SANShort
by alexinve
Will IAG overcome its bearish channel started in Nov 2020?Today, the company has passed 0.236 Fib retracement level and now is touching the upper boundary of the bearish channel it's been immersed since Nov 23, 2020. RSI 14 is about to surpass 70 level, which usually means a change of trend and that would be bad news for IAG's investors. Either technical and fundamental perspective looks bearish. Easter holidays are almost here and covid19 3rd wave has not weakened although it looks like it's going to (at least in Spain it looks like it's changing its trend). Should big player countries such as France, Germany or the UK enforce strict restrictions on flights and mobility once again, IAG would fall again towards 0.5 Fib retracement at least making it very probable to break that support level at 1.50 and go again to historical minimums at 0.97€, with investors worrying about the viability of the company and whether it will really comply with the absorption of Air Europa for €1000 million. If IAG was to back off the deal, that would be a breath for its investors. No signs of that though.
BME:IAGShort
by alexinve
REP - LONG BABY US markets closed, took the liberty to look for some set ups in the European Markets. A lot of opportunities, would like to stress out out this one. 1. Stock in a beginning stage of an uptrend - price trading above the 50MA. 2. Price in a value zone identified as the latest low of the 80 bar ascending triangle. 3. This fat green candle just emerged as our trigger. Context is nice, with the formation of this 80 bar ascending triangle, broken out by our fat green candle in above average volume, right after a tight 9 bar small consolidation with low volatility. Sharp price action transformation. Still within context, also worth remarking strong volume and steep price climb preceding this consolidation. 4. SL: @ 7,728 roughly 1 ATR below identified vlue zone. 5. TP: close below the 1ATR trail line 6. Position size: 1pct ttl equity at risk ALWAYS. 7. Don't forget to manage crash risk also. I use a max of 30 open positions with this aim. Cheers, Ruben
BME:REPLong
by ruben_rodrigues
1
Growth?!Don't sleep, make money, wolves🔥 There is an ascending triangle on REP (REPSOL) stock. There was a huge growth of the price (bullish trend) before. According to Elliott Waves theory the price was standing on Wave D. However possibly it became circumcised triangle and price broke resistance zone. Waiting for possible retest of this zone and enter into the trade. Follow the chart and look for the confirmations carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️
BME:REPLong
by Berzerk_invest
2
H4 Bearish #batpattern on its way?Looks like BBVA has hold still surpassing 4.37 resistance level this friday closing. In the short term, on February 12 we could see BBVA reach 5€ level and drop back down to 4.37€ again due to the bearish bat pattern that could have been shaped in the background. So long term technical perspective is bearish. However, keep in mind that BBVA plans to buyback 10% of its floating capital using the $9700 million it got from selling its USA business in Nov 2020. BBVA has also abandoned merging plans with Banco Sabadell, what makes its investors breath better. Garantii, its business in Turkey is also not a priority according to last BBVA press conference (which means any bad behavior of Turkish lira will not be as catastrophic for the company as we've seen over the last couple of years). Therefore, according to a fundamental perspective, BBVA could also be bullish in the longer term. The thing here is: when will the company have available the $9700 million? And when will it buyback 10% of its shares? Will it comply with its promises? And will the covid19 cede and ease tensions among banking business? Or is there still uncertainty over the banking sector? Time will tell. But between Feb 12 and May 13 I expect downward behaviour due to potential bearish bat pattern prophecy and 14 period RSI in H4 graph above 70 . That's why it is a short investment strategy at the moment as of 5€ level. Longing from 4.42 to 5€ might also be a good decision if covid19 tensions ease.
BME:BBVAShort
by alexinve
2