The EUR 54.4 support, currently tested, should allow the belgium bank KBC to rally again.

The stock is currently oversold and is trading in a mid-term bearish trend. In the short term, this trend is reversed after contact with the EUR 54.4 area. KBC should be able to confirm its rebound in further sessions. This support means a trading opportunity in order to anticipate a technical rebound toward EUR 58.4 and by extension toward EUR 59.9.

Considering technical elements, it seems to be an appropriate timing to immediately open a long trade in KBC in order to benefit from the EUR 54.4 support area. A first target price will be the EUR 58.4 resistance, ie a potential of around 7%. A stop loss order will be placed under the mid-term support currently tested.