Finance

Bankinter: Strongly bullish structure, but now is not the time to enter

Bankinter: Strongly bullish structure, but now is not the time to enter

On a weekly scale Bankinter shows a strongly bullish structure, according to José Antonio González, technical analyst. “It is a very strong asset and it is triggering buy signals on the MACD on a weekly basis”, which are positive signs. But, to enter right now, it would not be a good time, we would have to find the appropriate timing, because it is at important levels.

Right now it is at key levels. It has a horizontal resistance area, between 5.93 – 6.19 euros per share. From here there could be some kind of reaction on the part of the offer. But the MACD accumulates readings around the overbought zone. Whenever it has been located in that area, it has suffered important corrections afterwards.

The level it can drop to would be around the 5,264 – 5,156 euros per share. “They do not damage the background structure but invite caution.”

Bankinter
Bankinter

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