DAILY SAM TECHNICAL ANALYSIS MONDAY 2 MAR 2020
SAM HAS MADE AN ABC CORRECTION IN BETWEEN APRIL 2019 AND SEP 2019
@3.9000 PRICE HAS TESTED SEVERAL TIMES FORMING A HEAD AND SHOULDER PATTERN
PRICE HAS BROKEN THE 3.3855 INDICATING A FURTHER DECLINE WITH PROJECTION TARGET:
@ 3.0605 1.618% FIBONACCI EXTENSION WHERE PRICE WILL ENCOUNTER JUN 2016 LOW @ 3.0980 AT THIS POINT PRICE COULD GIVE A POSITIVE REACTION BACK TO 3.9000
BREAK BELOW THE 3.0605 NEXT PRICE PROJECTION:
@ 2.8290 200% FIBONACCI EXTENSION
FURTHER BELOW ON A WEEKLY CHART:
@1
Logista - trade for next weekI like Logista technical situacion: on the weekly chart I see a very nice doji candle at a flag support line, with longer term MA ribbon playing as support as well. The shorter term MA ribbon has just penetrated above the long term one from below, signaling bullish momentum on the weekly chart. Finally, the doji weekly candle low is at 38.2% Fibo retracement. I would buy on prices above this week high.
DIMISION DE J M ALVAREZ Y POSIBLE FUSION CON VODAFONE ?Cumpliendo la formacion bandera bajista , Fuerte movimiento bajista confirmandonos el precion en la TL el 5/11/2015 , a dia de hoy el precio Rompe la zona de los 6.5 y esperando el retesteo de la misma seguimos en ventas por debajo de los 6, tendencia bajista muy limpia y clara, la posible dimision y la posible entrada de vodafone a la compañia, podriamos tener un movimiento alcista importante,
Banco Santander: Bullish in 2020. Investment opportunity.The bank like the industry as a whole is on a long term bearish trend since the pre subprime mortgage crisis in 2007. On the 1W chart we see a clear bearish curve (RSI = 42.379, MACD = -0.083, ADX = 31.053, Highs/Lows = -0.0432) with Lower Highs and 3.1000 as the Support.
Since 2009, once the price crosses the 1W MA200 (orange line) SAN becomes a long term Sell opportunity. At the moment the RSI fractal is posting a bottom sequence and since we are that close to the 3.1000 Support we are turnin
Sabadell touched lower bound of bullish channel from Aug 14Interesting performance of the bank. Spanish socialist-left political environment, Brexit and IRPH trial results to be known either next week or the first of February may affect negatively the company. However, in June 2019 news of Sabadell reducing its exposition -43% to IRPH and expecting an impact of €800 million instead of €1,600 million from Bankia or €6,446 million from Caixabank and in January 3rd 2020 news about Sabadell transforming its first dividend payment into distribution autoportf
Gestamp aiming down towards 2.98€Gestamp technical aspect is quite bearish. It may either try to rebounce to 4.14 or 4.08 to go straight down again if no good news about the company are issued. Besides, Gestamp has nine plants in China, one of them in Wuhan, which employs about 270 workers and specializes in chassis and bodies. The plant is closed for the Chinese New Year, which has paralyzed or minimized industrial activity in much of the country. So these are definetely no good news.























