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Technical analysis office: Acerinox, Cellnex, CaixaBank, LVMH, Micron, Alibaba, Tesla …



Next, we give an answer to the values ​​for which we have been asked the most throughout the morning. José María Rodríguez, technical analyst at Bolsamanía, analyzes the Nikkei 225, LVMH, CaixaBank, Micron Technology, Cellnex, Acerinox, Alibaba and Tesla.

Technical analysis

Good Morning. I have just invested a significant amount of capital in funds that invest in equities in Japan. It is a long-term investment (minimum 5 years). What do you think about that? Thank you very much for this section, which I try to read whenever I can. Greetings and I hope you enjoyed the summer. I.M.

Dear investor, good afternoon. The Nikkei 225 It has been moving in the last few months within a fairly clear bearish channel. Within a typical consolidation movement (reaction phase) proportional to the previous significant rallies. As the main support area we have 24,000 points, before resistance. And as resistances we have, above all, the annual maximums (30,700) and above there is nothing really important until the historical maximums at approx. 39,000 points. Things have to be given very badly to avoid heading towards all-time highs in the coming months. I like the index of the Japanese stock market, it gives me a very good feeling.

Nikkei 225 Weekly Chart

Good morning, José María. I have missed the LVMH ‘rally’ since the beginning of the year. Do you think it is time to get back on the train after the last corrections? Or is it still early? Greetings and thanks. V.

Dear reader, good afternoon. LVMH It is the typical example that a security can fall sharply while remaining bullish in terms of the medium and long term. Action-reaction phase is called. At this time, the most important support is in the upward gap of 594.80 euros (session of April 14) and above it we have the resistance of 655 euros (bearish gap of August 19). A priori it seems that any correction towards the upward gap mentioned, if it occurs, could be a very interesting entry level in terms of the medium term. Closing the bearish 'gap' would be an important sign of renewed strength in the stock. But yes, the title is bullish without any doubt in terms of the medium and long term and therefore the important corrections in recent times may end up proving to be very good buying opportunities. Thanks to you, greetings.

LVMH daily chart

Good morning, José María. I would like to buy CaixaBank shares. Do you think that after these falls it is a good time to enter? On the other hand, I bought shares of Micron Technology on the crest of the wave, at $ 96. It is a "company". What is your technical analysis? Do you see more advisable to average or sell and look at other values? All the best. GIVES.

Dear investor, good afternoon. The titles of CaixaBank They seem to be shaping a small triangle of bullish continuity, aiming to rise in resistance at the yearly highs (2.87). Above the next control zone we have it in the bearish gap of 3.03 euros (session of February 1, 2019). All in all, I am left with the fact that the last correction has stopped to the penny at the support of 2.35 euros (previously resistance). Or what is the same, the highs of January of this year have acted as support on two occasions throughout this year, specifically in March and July.

CaixaBank daily chart

As to Micron Technology it is a very strong value, like the entire semiconductor industry. The bearish lateral movement of the last few months is embedded within a manual channel. And, in theory, it corresponds to the adjustment phase of the entire rise from the lows of March 2020. As the main control zone in the short term we have the base of the channel ($ 68.80) and the approximately $ 65 ( 2018 highs). Above, on the resistance side, we have the latest decreasing high ($ 83.09) and the annual and historical highs ($ 96.96). In short, it is true that it has bought at highs but the underlying trend of this stock, like that of the entire sector, remains impeccably bullish. And this is what should really matter to us. All the best.

Micron Technology weekly chart

Good morning, José María. Thank you in advance for your analysis. I would like to know the situation of Cellnex and Acerinox in the medium-long term, with the main support and resistance. Thank you very much and greetings. R.L.

Dear reader, good afternoon. Cellnex It is a value that we have talked about at length on many occasions in the last times. And little more can be said, especially when we have him in absolute free rise. It is a clear keep in portfolio therefore. As the first important support level we have 55.70 euros and below 52.90 euros. And it does not have resistors, not even dynamics.

Cellnex daily chart

As to Acerinox what we have before us is a manual 'throw back' to the old resistance levels, now support. Everything suggests that it may attack sooner rather than later the resistance it has at the annual highs (11.90) and above it we have the 2015 highs at 12.375 euros and the all-time highs at 13 euros. The two values ​​you are asking me about are a clear uphold today. Thanks to you, greetings.

Acerinox weekly chart

Good Morning. I would appreciate you analyze the technical aspect of Alibaba, action very punished in recent times and Tesla. I am not within either of them. Thank you in advance and receive a warm greeting. S.

Dear investor, good afternoon. Tesla He presents at this moment a most interesting aspect, especially since we have him 'surfing' on what is known as the "crossing of death". This type of crossover, when the MM50 crosses down to the MM200 daily, usually has important bearish implications. But the fact is that the value is using it as support. As more immediate resistance at this time we have $ 730 and above $ 780.79 (April highs) and the all-time highs, at $ 900.40. Let's say it's a security that I don't dislike at all as long as it respects the $ 650 support.

Tesla daily chart

Finally, regarding AlibabaI have to admit that I expected much more from this value. I thought that the support of $ 180 (the lows of the weekly 'hammer' at the end of July would hold as support. But it has not, not to mention the drilling of the weekly MM200 that also tends to work very well as trend support. And now, in theory, we are back at potential support levels, such as the base of the bearish channel through which it seems to be moving since the correction began in October last year. We do not have a figure of return of any kind, but it is true that the annual minimum zone is a potential support to take into account.

Alibaba weekly chart

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