Banco Santander to 15

Banco Santander to 15

A reader requested a chart for Banco Santander (STD!!), here's my technical analysis:

STD put in a strong W reversal pattern. STD should fill the gap and hit 15. If the stock market rally continues, (which is likely), then the next upside resistance is at 16.

Watch out for an STD pullback to 14 from 14.5, as the 14.5 level is gap resistance and also technical resistance for Banco as well.

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