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Shortcaixabank

Caixabank to test 2.459€ in lower bound of last bearish channel?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.
BME:CABKShort
by alexinve
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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