Mapfre overcomes for the first time bearish channel 05/12/2017

Mapfre surpasses the bearish channel started on 05/12/2017, also maintained on 05/11/2018 and annihilating the one that was related to 01/25/2018. Even so, you can expect it to come back inside the channel because it's its first time outside. To completely exit the first channel (01/25/2018) seems to have tried 6 times. I expect it to go back down again to 2.43 maximum in 2 months time taking into account that it has maintained profits flat for Q1 2019 YoY (+0.6%) and that 2018 profits where -24.5% YoY.

Kommentera:

Mapfre starting new bullish channel? (although it is getting flat since 15/04/2019). Big psychological resistance in 2.60€.