IBEX 35 CFD
July 25 MAPFRE issues Q2 Results. Bullish trend seems undoubtfulMapfre is an unstable stock. We are now situated in the middle of the bullish channel, so no operations must be made right now. It is better to wait and see. If next week there are high expectations on Q2 Results, MAP will approach the upper bound of the bullish channel. However, if results disappoint investors high instability is expected to appear as of July 25. Therefore, a good strategy would be betting on shorting Mapfre once MAP has reached the upper bound (or is about to, not in the middle of the bullish channel) and take advantage of the volatility. Nevertheless, we must take into account that lately Mapfre has increased its number of clients and its health insurance sales which would imply a continuation to its upward trend in the long-run. It is also true that we are right now in Hurricane season and until today it's looking softer than previous years. We'll see how it goes all along.
Caixabank to test 2.459€ in lower bound of last bearish channel?Caixabank was moving quite flat since 25 March 2019 but once entered June it started to decay, approximating to the lower bound of the last bearish channel started on 28/02/2019, which has a lower decay degree (-26%) compared to the second to last bearish channel started on 16/11/2018 (-39%), which in its turn has a higher decay degree compared to the third to last bearish channel (-34%) started on 03/09/2018 (and before this one, the prevous bearish channel was again with a lower decay of -11% degree). Caixabank is going to test 2.459€ surely no later than the end of next week and if it breaks through with energy, then it could go to 2.155€ level on 23 July 2019.
Sabadell fighting downward trend channel begun on 25/01/2019Short term perspective looks stable inside the 08/02/2019 upward channel, although surely it is going to test the lower boundary at 0.9174 either this week or next week. A big resistance is in 0.9958€ and surpassing it at least until 1.03€ would mean going to 1.11€ level in mid July 2019. On the other hand, going further below than 0.9174€ could be catastrophic for the company, going to 0.80€ and further below, at 0.70€. But if that were the case, it would be most likely to just test the low 0.8342€ already tested back on 08/02/2019. My technical strategy would be short next 2 weeks, long next 3 months if and only if SAB reaches 1.03€.
