Looks like BBVA has hold still surpassing 4.37 resistance level this friday closing. In the short term, on February 12 we could see BBVA reach 5€ level and drop back down to 4.37€ again due to the bearish bat pattern that could have been shaped in the background. So long term technical perspective is bearish. However, keep in mind that BBVA plans to buyback 10% of...
After a multi-million dollar bailout, the bank is back at record lows.
Will it hold the pressure? There is still room in that RSI for a bit more correction. Bleh!
This is a continuation of our previous ideas...
Rodrigo de Rato tret al clatell!
So I've decided to somehow repost this big scheisse after the bank doesn't stop sending me emails saying they have experts analyzing the markets and wanting to give an explanation of why the stocks are going up. Really? Who are they trying to convince with this graph?
It will be bad, very bad. And in the end we will always pay for it, always the same. Enough! ...
BBVA has slightly broken that support line and means they're in almost historical minimums... In this cases it should go up again but somehow we need a miracle here. This is an updated idea with an enlarged view.
Thanks.
