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Sabadell: the only thing to hold on to is the weekly bullish gap of 0.3363

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The Sabadell securities present two very clear control areas: the bearish gap (resistance) of 0.4022 euros and the bullish gap (support) of 0.3363 euros.

Technical analysis
BULLISH GAP
S1
0.3363
S2
0.25
R1
0.45
R2
0.666

Short term

Medium term

Long term

We recently commented on that title failed at the last moment just when it seemed that a double bottom could finish being confirmed. And the truth is that at this moment the only thing to hold on to in the Sabadell titles is the possibility that the weekly bullish gap of 0.3363 euros endurance. This gap has been filled in its entirety in the last days / weeks, but for the moment it has not been closed, or what is the same canceled. Or in other words, to the extent that it is not closed, we will leave the door open to the possibility that the price is restructuring upwards again with the objective of the resistance of 0.45 euros. And above this we would have a small figure back with an objective in the important resistance that the weekly bearish gap for March at 0.6665 euros.

Banco Sabadell weekly chart

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