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Sabadell, about to confirm a manual double floor

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The vertical rises of the last days bring the Sabadell titles closer to very important resistance levels, such as the September highs at 0.4210 euros.

Technical analysis
DOUBLE FLOOR
S1
0.3363
S2
0.25
R1
0.4210
R2
0.6665

Short term

Medium term

Long term

Right now we have the titles of Sabadell attacking the important resistance that it presents in the September highs at 0.4210 euros. We have double support, which does not double the bottom, at the level of 0.25 euros, which is no small thing. Let's see what the closing of the weekly candle holds for us this Friday. But there is no doubt that a weekly close above the aforementioned resistance, by far, would be an important sign of strength not seen for a long time since from that moment on we will have figure back on double floor. With a first target of rise in the weekly bearish gap of 0.6665 euros. Although it is true that the minimum theoretical upward projection would project it towards the 0.70-0.72 euros.

Banco Sabadell weekly chart

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