BabushkaTrader

Will Santander continue to yield dividends?

NYSE:SAN   BANCO SANTANDER SA
145 2 0
Banco Santander is one of my favorite dividend stocks that I acquired at favorable prices.

It took some beating in October with the test of the market and the Chairman also pasted away and his daughter took over.

What is interesting now is that we seem to be testing one balance and a test of the upper smaller balance should be possible. From there it could be a H&S printing. Whether it will have affect and fail and later propel us higher is hard to tell at this stage. Fundamentally the stock is great and has a great yield. Weather things will change only time can tell.

Potential trade opportunity both long and short exist. Long if markets rebound.

Will be monitoring closely.
So far we are activated on the upside but careful as there might be another leg down before we form a balance. Still in vertical mode. Aggressive.
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New balance forming. Will chart new trade opportunity.
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