Leumi is the second largest bank in Israel.
He has a huge client portfolio with which he carries out an imaginary amount of transactions, one that affects the entire lifespan of Israel.
Those who followed the price action at the outbreak of the corona crisis saw the opportunity of buying a great bank for a cheap price.
By looking on the daily chart you can see how the price made a "kiss and go" pattern:
The new low price kissed the previous higher and than made a reversal and start climbing for new high.
BTW, the volumes are supports this move.
This pattern has a strong level of significance. I think Leumi is now a wonderful opportunity.
He has a huge client portfolio with which he carries out an imaginary amount of transactions, one that affects the entire lifespan of Israel.
Those who followed the price action at the outbreak of the corona crisis saw the opportunity of buying a great bank for a cheap price.
By looking on the daily chart you can see how the price made a "kiss and go" pattern:
The new low price kissed the previous higher and than made a reversal and start climbing for new high.
BTW, the volumes are supports this move.
This pattern has a strong level of significance. I think Leumi is now a wonderful opportunity.