Short term view - Banco Comercial Portugues : The moving average caps prices
The previous low has been broken, the bearish trend is confirmed. The next target is at €0.2100. The invalidation level is above €0.3000.Arguments :
- The support is close.
- The major support has been breached.
- Prices are evolving below the descending moving average. The trend is weak.
Banco Comercial Portugues is a privately-owned bank that provides a range of banking activities and financial services in Portugal and abroad, with a focus on commercial banking, corporate and investment banking and asset management and private banking. Co. operates in the following segments: Portugal, which consists of retail banking (including ActivoBank), companies (including companies and corporate and investment banking), asset management and private banking, and non-core business portfolio; and foreign activity, which consists of Poland, Angola, and Mozambique. As of Dec 31 2014, Co. had total assets of Euro76.36 billion.
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