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It is vital that CaixaBank respects the support of 1.50 euros

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CaixaBank earned 522 million in the third quarter, 19% less than in the same period of the previous year; and 722 million from January to September, 42% less than in the first nine months of 2019.

Technical analysis
DOWN TRENDING VALUES

Short term

Medium term

Long term

CaixaBank has earned 522 million in the third quarter, 19% less than in the same period of the previous year; and 722 million from January to September, 42% less than in the first nine months of 2019. The entity thus cuts the fall in its profit, which in the first half was 67%, to 205 million euros. Technically, the double top that was recently confirmed on the downside is close to being fulfilled. The theoretical minimum fall projection points towards the support it has in April lows in the area of ​​1.50 euros. That's where we have the next big support. Below there is nothing until the 2012 lows of 1.33 euros. In any case, we are going step by step because the support of 1.50 euros is important enough to try it upwards from there for 'trading'. While on the side of resistance the most immediate we have it at 1.77 euros, before support.

CaixaBank weekly chart

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