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BBVA: at the base of the channel if it is bought, it is not sold


The falls of the last three sessions have taken the titles of the Basque entity to important support levels, such as the area of ​​approximately 4.80-4.85 euros.

Technical analysis

Short term

Medium term

Long term

Let's see how it closes BBVA the session and, above all, how the week ends. You know that we always give more weight to the closing of the weekly candle than the daily one. And, in theory, the conditions are given to bet on a rebound from the current support zone that is being attacked: the base of the bullish channel through which the price has been shifting since the end of August. Moreover, the most basic theory says that, if anything, in the base of a channel (support) is bought, not sold. And if we look at the very heavy daily oversold, it would be said that the conditions exist for betting on an almost imminent rebound from the current price levels. In line with our Ibex, which trades in the support zone the bullish hollow of the 9,468 points. In short, in theory the title should not take long to start bouncing from here, but the last word is as usual the closing of the weekly candle.

BBVA daily chart since April

. (tagsToTranslate) BBVA: (t) base (t) channel (t) maybe (t) buy (t) sell (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category : Pulses (t) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Finance

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