I don't invest in banks but... this stock was downtrend since May 2017, so i have detected a double bottom in the lowest level, now it keeps consolidating and probably it will change the trend.
what do you think now of San stock chart? @fritzkuri the trend still goes down, and there´s no bottom floor as support. Where do you think it will stop?
fritzkuri
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@mmosquera, The midterm forecast for this stock it's to go up, in the short term there is a high probability that it will continue to fall to minor minimums
mmosquera
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@fritzkuri, thanks for you opinion. The question is try to guess where it could find a strong floor to change the trend. I don't see it yet
fritzkuri
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@mmosquera, Maybe you should try to see another stock, sometimes the market makers will move up the stock price just looking for a bigger sell off... take care and follow me to watch more analysis