Caixabank to test 2.459€ in lower bound of last bearish channel?

Jun 18, 2019

Caixabank was moving quite flat since 25 March 2019 but once entered June it started to decay, approximating to the lower bound of the last bearish channel started on 28/02/2019, which has a lower decay degree (-26%) compared to the second to last bearish channel started on 16/11/2018 (-39%), which in its turn has a higher decay degree compared to the third to last bearish channel (-34%) started on 03/09/2018 (and before this one, the prevous bearish channel was again with a lower decay of -11% degree). Caixabank is going to test 2.459€ surely no later than the end of next week and if it breaks through with energy, then it could go to 2.155€ level on 23 July 2019.

Jun 24, 2019

Trade active

CABK tests 2.459€ after 12h, the lower bound of the last bearish channel started on 28/02/2019. If this week closes below this level, we'll see 2.155€ level before than 15 July. If this week closes above this level, we'll see 2.60€ before 15 of July (if and only if there are no surprises of bad news and taking into account the current situation with ECB, Fed's politics).

Jul 12, 2019

Trade closed: target reached

We saw 2.60€ on July 4 and on the 5th it reached 2.67€. On the week of June 23, it CABK closed above 2.459€ level, at 2.50€. Predictions applied and we saw 2.60€ level before July 15.