Short term view - INTESA SAN PAOLO : The support has been breached.
The trend is still bearish, the invalidation level is above €2.7100. The target is at €2.3300.Arguments :
- The support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
Intesa Sanpaolo is a commercial bank. Co. is engaged in lending and deposit collection operations in Italy and associated financial services, serving Households, Personal, Small Business, Private and Small and Medium Enterprise customers. Co. provides medium-term credit, leasing, factoring and agribusiness (Mediocredito Italiano), consumer credit (Intesa Sanpaolo Personal Finance), management of electronic payments (Setefi), and trust services (Sirefid). Co. has approximately 4,300 branches, including Retail and Business branches, distributed broadly throughout Italy. At Dec 31 2014, Co. had total assets of Euro646.43 billion.
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