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.
Trade active
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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).
Trade closed: target reached
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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.