Long
POP giving clues for a potential long term upside
Banco Popular is in a massive downtrend.
However, It is showing signs of possible reversal --- Sharp impulse which broke previous structure, and a consolidation which seems to be about to end.
Looking for buys seems like a good idea
Good luck with your trading
However, It is showing signs of possible reversal --- Sharp impulse which broke previous structure, and a consolidation which seems to be about to end.
Looking for buys seems like a good idea
Good luck with your trading
Note
Long term viewAs you can see, we have come very low. Even if it does not break now, the downside is limited.
Cheers
Trade active
In the trade; added to my position with a limit order at 0.8Note
Not looking bad
Note
Hope you took some profit.
For now, I would stay back and see how it develops, as I didn't see this coming.
However, I am still not interested in the sell. The upside potential is still there. It is just not going to be so easy.
Good luck with your trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.