SydbankThe Sydbank stock appears to have reach the bottom of its show term downtrend in its long term uptrend, making it an attractive time to either buy into the stock or supplement current position. This argument is backed upped by several technical indicators, such as MacD indicating increasing volume in trade giving the stock momentum to break up through existing lines of resistance. We can also conclude that the stock is currently backed by buyers and not sellers, by looking at the position of the RSI indicator. Also bank stocks are at the moment very attractive considering increase rates of inflation on the consumer market, making the risk of increased interest rates greater than earlier seen.
