Recently, Bankia securities have drilled the base (support) of the lateral-bullish channel through which the price has been shifting since September.
Since the beginning of the year the titles of Bankia They have not stopped losing positions practically daily, leaving in this period just over 15%. This makes the oversold very high, presents extreme readings and they, in many cases, are usually synonymous with very short-term rebounds. Even though is not always like that. In any case, The damage is already done because the price has pierced the base of the lateral-bullish channel through which the price has been shifting since September. And this leaves the door open to the possibility of continuing to fall towards, at least, the only support that presents at this time and that is none other than the historical lows that reached in 2019 at 1.54 euros. Below would be placed again in free fall. Above, on the resistance side, the most important is found at 1.99 euros.
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