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alexinve

Sabadell swinging around. Will June 15 be its last swing?

Long
BANCO DE SABADELL (BME:SAB)  
alexinve Updated   
BME:SAB   BANCO DE SABADELL
Trend Analysis Technical Indicators Chart Patterns sabadell sabadelllong undervalued books bookvalue
3
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trendanalysis indicator chartpattern sabadell sabadelllong undervalued books bookvalue
Sabadell is undervalued with respect to its books. Target Price set at 0.20€ with error margin of 10% (down to 0.18€ level), being it 0.13 times its book value. Expecting to reach it on June 8 and from there, launching a 50-60% pull-back until June 16. After that, hostile territory. It can either correct downwards or take off up to 0.4-0.47 level.
Comment:
Next support 0.25€
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