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naoisegolden
Dec 20, 2017 12:00 AM

Possible ascending triangle with RSI bullish divergence 

BANCO SANTANDER S.A.BME

Description

Santander's price has been on clear decrease from May's 2017 all time high, but it's showing some stabilisation or loss of interest in a symmetrical triangle, ever so slightly ascending. The Stochastic RSI is showing what could be a bullish divergence. If the price breaks the 5.90 resistance it would signal a change of trend. Otherwise, the 5.80 price area could be a good place to take benefits.
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