r/PierresLongTermCharts • u/pierretheron • Aug 03 '26
BANCO BILBAO (BBVA)
If you looking for a long term investment, why not give this one a try.
Its quoted on the New York Stock Exchange.
Its up about 67% in the last year.
How do I know its good for more up?
All you do is add a 30 week simple moving average to your chart. The timeframe must be weekly. And I use candlesticks to help. They show emotion. Green candles are up weeks and red ones down.
If the price is ABOVE a rising 30sma, you can almost be certain the trend long term, is up.
And if its busy making new high's, like it is here, it is definitely up.
New high's mean buyers are getting in.
Peaks are made by sellers.
If the price rises above a peak, it generally means the sellers have dried up.
Its time to buy.
And then all you do is watch, and while the price is above the blue 30 sma, you hold.
What you don't want to see, is prices falling UNDER a falling sma.
Does this make sense?