While still technically trending up, the price has met unbreakable resistance (the upper line). The most likely scenario is trend reversal.
Hi, Šiaulių Bankas is the largest Lithuanian capital bank, a steadily and consistently growing financial partner, paying special attention to business financing and consumer financing solutions. Šiaulių Bankas serves its clients in 60 client service units in 37 cities and towns throughout Lithuania. The Bank was established in 1992. Šiaulių Bankas Group includes...
Siauliu Bank +4.85% intraday, but still below 200MA and 50MA is below 200MA as well. RSI went parabolic today reaching 79.77 (indicating oversold condition) But something is telling me that it is not over yet for #SAB1L Possibly rally will extend tomorrow before the weekend
Hi, Strong support 0.27 - 0.31 Technical criteria: 1) Previously worked strong support level (2009) 2) Fibonacci retracement 62% 3) Fibonacci Extension 162% 4) 50% drop from the recent high 5) Minor trendline Regards, Vaido
Attention! -SAB1L 200MA getting closer to 50MA +Last time 50MA was above 200MA for nearly 3.5 years, now it is about 0.5 year +RSI is at the lowest level during this year +P/E at 5.46 is one of the lowest in NASDAQ Baltic + Price to Book value 1.09 Possibly good entrance point? My guess is YES, keeping in mind last dividend yield of 6%
I have a really good feeling about this. Should probably hurry : )