Tuesday, July 5

CaixaBank: The value can recover up to 7% according to its graph

We take a look at Caixabank’s performance at a technical level, with the independent analyst Ramón Bermejo. As explained by the expert, in yesterday’s session it already closed above the critical point, at 2,398, closing at 2.40 euros, thus validating the double-bottom pattern. The value is above the gap at 2.405 and the target would be 2.58 euros.

“Technically, recovery is possible, a 7.05% recovery,” says the analyst. Yesterday we saw a rise with an increase in volume. And now, therefore, that recovery would be possible, since in addition the value has violated the trend line, as we see in the graph.

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