POP giving clues for a potential long term upside

Banco Popular is in a massive downtrend.

However, It is showing signs of possible reversal --- Sharp impulse which broke previous structure, and a consolidation which seems to be about to end.

Looking for buys seems like a good idea

Good luck with your trading

Comment:

Long term view

As you can see, we have come very low. Even if it does not break now, the downside is limited.
Cheers

Trade active:

In the trade; added to my position with a limit order at 0.8

Comment:

Not looking bad

Comment:

Hope you took some profit.
For now, I would stay back and see how it develops, as I didn't see this coming.

However, I am still not interested in the sell. The upside potential is still there. It is just not going to be so easy.

Good luck with your trading