BBVA is approaching important resistance levels

BBVA has had an excellent technical performance since the beginning of October.

During these four months, the bank grew by almost 50%. This led her to overcome all the resistance she encountered on her way. A few sessions ago, it managed to break above the resistance of 6.22 euros, which paved the way for us to see an attack at the level of 6.74 euros, the highest of 2015.

Beware, it has been rising uninterrupted for a long time, leading it to offer high overbought levels. The most normal thing is that it ends up taking a break, without excluding a return to the level of 5.80 euros.5.80, prices where we could consider re-entering the stock with less risk. A close below 6.19 euros would be the signal that would confirm a stop loss along the way.


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