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The Codere chart (in free fall) is nowhere to catch it



Little or nothing can be said of a title that this Friday just marked, for the umpteenth time, new minimums of all time at 2.605 euros.

Technical analysis

Short term

Medium term

Long term

The truth is that there is not much to tell about a title in absolute free fall, or what is the same without supports of any kind. Moreover, there is no potential dynamic support from which to experience the occasional rebound (or reaction phase). The minimum of this Friday's session at 2.605 euros are new minimums of all time and the only thing at that to grab us, is the support in weekly candles that presents in the previous historical minimums, which were reached in November 2018 at 2.68 euros. Close below, as it seems to happen, will be another clear and more than worrying sign of weakness in the titles of Codere. Undoubtedly this title is not to have in portfolio, as we would be buying maximum weakness. And it is that the market, as we like to remind you, is going to buy strength.

Weekly Codere chart since 2014

. (tagsToTranslate) graphic (t) Code (t) free fall (t) (t) where (t) catch it (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category : Pulses (t) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Consumer Services


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