Sunday, April 2

Sabadell can rise more than 9% in the short term according to its graph

For much of the day this Tuesday, Banco Sabadell has led the rises of the IBEX 35. Now it adds 3.58%, at 0.7120 euros, only surpassed by ArcelorMittal, which is up 4%.

On a technical level, the stock chart showed a reverse and hammer figure in the session of January 28, which validated yesterday with an increase in volume and today is describing new highs, as explained the independent analyst Ramón Bermejo.

After this, the value could go to violate the next levels ahead, at 0.7212 euros, 0.7184 euros and later 0.7434 euros and reaches the upper side of the channel, at 0.7628 euros. This would mean a recovery of more than 9% with respect to the opening price of this Tuesday.

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.