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Bankinter enters the reaction phase: hold the type better than the sector

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The declines in Bankinter securities in recent days, in line with the block financial sector, fit for the moment within normal parameters.

Technical analysis
ABANDONMENT SUPPORT

Short term

Medium term

Long term

Bankinter It is probably the title within the financial sector of our country that is better able to endure the type in recent times. Even if In terms of the long term, it is undoubtedly the best-looking value with much difference from among the entire sector. That said and in the very short term, we have you in the reaction phase, or what is the same draining / adjusting the important previous rises which took the price from 5.05 to 6.80 euros. Moreover, as you can see in the daily chart we have an important support area just around the corner: the level of 5.95-6 euros (September highs and November lows). And below we have the level of 5.90 euros, coinciding with a 50% adjustment / setback of the previous bullish momentum. That said, the really important thing in my opinion is that the falls of the last weeks, exceeding 10%, fit absolutely within the normal parameters.

Bankinter daily chart since December 2018

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