BANCO SANTANDER
Overall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
3.70 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 2.50.
We are currently trading below the crucial 52 day low of 1.90 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
3.70 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 2.50.
We are currently trading below the crucial 52 day low of 1.90 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
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