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Santander puts land in between and moves away from the danger zone

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The titles of the Cantabrian entity are only 8% of the minimum of 2019 at 3.30 euros. It is key that this support endures at all times.

Technical analysis
LOW GUIDELINE

Short term

Medium term

Long term

The titles of Santander They have just announced their results, which means that we can bet on strong blows in today's session. The last time the title was confessed to the market, it fell sharply. That said, the price is now far from building figure of any return. Rather the complete opposite. It is possible that it pierces the important support that it presents in the minimum of 2019 at 3.30 euros. It is key that this price level endures because if we do not do so, we will not rule out a new bearish whip aiming at the potential support area that it presents in the approximately 2.85 euros (line that joins the growing minimums of 2012 and 2016. While above, on the resistance side, we have the bearish guideline that goes through the surroundings of 3.90 euros, when we also have another important resistance in the last great decreasing maximum: 3.94 euros. only above four euros in closing prices we will begin to look with other eyes at this title.

Daily chart of Santander since the end of 2018

For now, the title clearly moves away from the danger zone and a few minutes after opening the market the stock is revalued above 4%. If we close like this, we will have an important support in the bullish hole of this Wednesday at 3.55 euros.

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