BBV trade ideas
BBVA - Possible breakout Interesting chart here. Almost looks like basing out as a cup & handle or an awkward bull flag. Regardless wouldn't call it a textbook pattern by any means, but I've had past success with similar patterns. Big key here is the stock price is still above the 20-55day EMA's and is consolidating rather nicely right here. I'd like to see a strong volume push to $7.00 then we can start testing overhead resistances at $7.18, $7.24 & $7.32 from there we would have blue skies until $7.82 for our next test.
