Short Swing Signal on BME:BKT on the Daily chart. Spanish stock E.U Market
Bankiter closed on february 4th above ATH and activated a 2n fibonacci impulse to 6.9€. Price is moving in a very cyclical way but inside an uptrend channel. A possible throwback to de 5.54 zone (former ATH) could be a buying signal.
BKT BANKINTER BULLISH - BROKEN WEEKLY RESISTANCE BKT SA
EN D.A. GLOBAL INVESTMENTS DESCONFIAMOS DE LAS POSICIONAS CORTAS EN ACCIONES PERO LO CIERTO ES QUE UN TRADER PROFESIONAL DEBE CONOCER CUÁNDO EXISTE UNA MAYOR VENTAJA ESTADÍSTICA Y EN ESTA OCASIÓN LA VENTAJA VIENE DADA A LA BAJA. OPORTUNIDAD DE CORTOS U OPORTUNIDAD DE ESPERAR A QUE CAIGA EL PRECIO PARA QUE LOS TOROS BUSQUEN POSICIONES ALCISTAS EN SOPORTE. SI...
This is a pairs trade for the next days. It is based on a flag breakout.
New long trade based on double bottom pattern (to be confirmed on weekly scale)
Channel since 07/2016 - Support level + fibo retracement - risk/reward 3,5
My new long trade is Bankinter. The last weekly candle is very bullish. The SL is below 6 euros an th first target is at 7.4 euros.