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Home Stocks News The awakening of Banco Santander in stock, so it is the strategy...

The awakening of Banco Santander in stock, so it is the strategy that we must follow

Raises of 3.3 percent in the first bars of the session today to unite a week it’s almost perfect if it were not for the collection of benefits on the Thursday and Friday that with the climbs of today are almost compensated.

This is the letter of introduction in the short-term actions Banco Santander it appears that they are waking up and rising from the beating received by the pandemic Covid-19. And it is that company that has more weight on the selective Spanish came to hang out neither more nor less than a 55 percent up to the minimum of the past 20 of may, and from that moment leads to a revaluation of the 20 per cent in only nine sessions.

From the point of view is to highlight the rupture from the top of a wedge descending and that tends to have connotations bullish for the value if it is able to break the highs of last week in the 2,17 eur and above does so with a feature that is currently lacking: volume.

Evolution of the shares of Banco Santander

Eduardo Bolinches

It is precisely that lack of volume which makes me to be waiting for the consolidation of the 2.20 € to enter the value with greater guarantees of success while it is true that the weakness of the banking sector also makes me be disciplined with a stop loss placed under the lows of the past Thursday in the 2,01 euros.

So better to wait to the break of 2.20 € and see a high volume of recruitment to enter now by the desire not to stay out of the recovery price and end up seeing another attack failed as the past 30 of April.

However, for a investor long-term there is little doubt. The shares of Banco Santander will take more or take less in undertaking the break to the upside of the 2,20 euros, but will, and to that frame of mind the purchase starting in two or three orders spaced in time is not a no-brainer.

Ryan Helton
Ryan Heltonhttps://etrendystock.com/
A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

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