Banco Sabadell remains within a bullish channel and could continue to rise to the upside. A new bullish milestone would be to close above. Today it would have to reach levels of 0.7567 euros, according to independent analyst Ramón Bermejo.
The next bullish target would be overcome that higher side, because it would allow the price to double. This unfolding is possible because the value poses a channel of greater degree from a double bottom pattern but also has a gap to levels of 0,9458 euros, from January 30, 2020, also generated by the appearance of the coronavirus.
This would be rise more than 27%, to 0.9458 euros. As long as the economic recovery continues and there are no scares from the ECB, without aggressive increases, a good performance is expected for Sabadell. In addition, a corporate operation on the bank cannot be ruled out, which would also be positive news for its titles.
Consult here the technical indicators of Investment Strategies for Banco Sabadell and access updated trading strategies and analysis of indices and securities in our professional trading service.
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