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Sabadell goes over braking and points to historical lows

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In the absence of knowing the closing of the weekly candle, the titles of Banco Sabadell are pulverizing with great volume the important level of support of 0.85 euros.

Technical analysis
BEARING GAP
BEARING GAP

Short term

Medium term

Long term

At this time the titles of Sabadell they are taking ahead the support area that confers the adjustment / recoil level of 61.8% Fibonacci of the last big bullish momentum: the one that led to the titles from 0.70 to 1.10 euros (+ 57%). What appeared to be a proportional reaction / adjustment phase is beginning to go beyond what can be considered a normal correction. We are going to see how the title closes in the hour and a half that we have ahead but the feelings are not at all flattering. This Friday's session leaves us an important bearish gap at 0.95 euros, reference that now happens to become resistance. So to the extent that this 'gap' does not close the signs of weakness in the title will remain there, intact. And therefore we cannot rule out a return to the origin of the entire movement, that is, to attack the support it presents in historical lows: 0.7010 euros.

Sabadell daily chart since early 2018

. (tagsToTranslate) Sabadell (t) passes (t) braking (t) points (t) minimum (t) historical (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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