After a break of a couple of weeks for academic reasons, we see again how every Saturday three values that in my opinion may have an upward correction shortly. We continue with the same value system, one Spanish, one European and one American.
PharmaMar [PHM], the pharmaceutical company that created Aplidin [un antiviral que se está ensayando contra el coronavirus], a drug that helped her multiply the value of the company by six in just months.
Comes doing increasing lows and highs, and I think after looking for the moving average, you can expect a rebound. This week with the change of money to the cyclical sectors with the news of the Pfizer vaccine they have made her correct. You have a second short-term bullish momentum activated. In his favor he has to strong hands are positioned.
Ahold, Dutch supermarket chain, recovered very well from the February correction and even reached all-time highs in August, where it warned us with that HCH (shoulder-head-shoulder) of the correction that was coming, objective that has been fulfilled this week.
Now after correction of the entire rise near 50% fibonacci, it has stopped sails with some lower shade so it may give me to think that he will go for the second bullish momentum short accompanied by the strong hands that are inside. In the long term it has activated second impulse with target € 30.5.
Activision Blizzard, American video game company. It came with a growth from February lows and just in his maximum was marked an HCH, which has met this week.
Now after hitting the average and with the indicators in his favor, I think he will try again to find the all-time highs of the value. The last candles with lower shadow give to think zone of money inflow and possible rebound.
See you next week. Follow Tono Soler on Twitter.