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AngelMB95
Nov 24, 2016 12:43 AM

SAN LONG DUE TO INDICATORS, CHANNEL AND INCREASING RATES Long

Banco Santander, S.A. SponsoredNYSE

Description

Santander´s stock reached a support level early this year, and it was confirmed mid-year, as of now, there's an obvious channel in which the stock is moving, and due to macd, rsi and stochastic, $4.50 would be a good entry point these days.
I don't recommend SAN for a long term investment though, as I'm using daily candles, I recommend it for a short term one, buying when it reaches the support of the channel and selling as it reaches the resistence.
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