LU1834983477 - ETF
22.374 -0.18 (-0.79%)
Overall BNK gets a technical rating of 6 out of 10. In the last year, BNK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although the technical rating is only medium, BNK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.24, a Stop Loss order could be placed below this zone.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @22.69. This is a Buy Stop order right above the resistance zone.||An exit @21.64. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 1.05 points, which is 4.64%.||For a 1.00% total portfolio risk, you can invest 21.55% of your capital in this trade.|
LYXOR EURSTX600 BANKS
EPA:BNK (6/5/2023, 7:00:00 PM)
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