Bankinter It offers one of the best technical aspects of the Spanish selective. Technical Analysis
BULLISH GUIDELINE The bank covered the two bearish gaps from a few sessions ago and, right now, It moves in the vicinity of the historical highs that it presents at 14.03 euros. This is a sign of the current strength of purchases. It is very likely that it will be able to exceed these prices, which would leave the company in free rise, with the path clear so that we can end up seeing an extension of profits to the level of 15 euros. Good accumulation levels give consistency to its main uptrend. Without a doubt, it is one of the values to take into account in the last month of the year. We will not see a sign of weakness as long as it remains trading above 12.98 euros, the minimum of the last correction.
The one we must be very careful with is the Sabadell Bank. The truth is that, although Sabadell’s main trend is clearly bullish, it is a value that offers bearish signs that have not been able to eliminate after the increases of the last sessions. The two bearish gaps left a couple of weeks ago remain unfilled (something that Bankinter has managed to do), which makes us be very cautious in the short term. This is a training (bearish window) which has strong bearish implications. We will not lose sight of the support of 2.9180 euros. Be careful, if you abandon them we could see a severe complication of their technical aspect. We will not appreciate a sign of strength until it manages to rise above 3.25 euros, the maximum of the last bearish gap left on November 14.
