ccerezo11
Long

LONG POSITION ON SANTANDER S.A. - D1

BME:SAN   BANCO SANTANDER S.A
FOR THOSE WHO DO NOT KNOW SANTANDER S.A. IS ONE OF THE MOST IMPORTANT BANKS IN SPAIN. THE STOCK VALUE HAS BEEN DECREASING SINCE MAY 2015 WHEN THE PRICE WAS WORTH 6.80 A SHARE. NOW SANTADER IS 3.87 A SHARE AFTER 1 YEAR AND 3 MONTHS APROX.

THIS FALL HAS STOPPED NOW. FIRST SIGN OF CHANGE OF DIRECTION WAS THE TRIPLE GROUND SUPPORT LEVEL BELOW. THE MARKET CHANGED DIRECTION AND IT HAS BEEN FORMING A SOLID TRIANGLE PATTERN WHICH HAS BEEN FINALLY BROKEN.

I HAVE PUT A BUY LIMIT ORDER AS YOU CAN SEE LOOKING FOR THE RETESTING OF THE TRIANGLE. IF IT HAPPENS WE COULD MANAGE TO DO A VERY NICE ENTRY TOWARDS TO FURTHER RESISTANCE LEVELS FROM THE PAST YEAR AND 3 MONTHS AND LOOK FOR MANY BENEFITS!

TELL ME WHAT YOU THINK ON THIS!!

CARLOS
Sep 06
Comment: IT WILLBE DIFFICUL TO HAVE A RETEST ON THE TRENDLINE BUT WHO KNOWS, IT IS POSSIBLE.

NOW LET'S WAIT FOR THAT TO HAPPEN AND STAY PACIENT!
Sep 09
Comment: IT SEEMS THE ORDER WAS NOT ACTIVATED BUT I AM STILL WAITING FOR A POSSIBLE PULL BACK SO I CAN ENTER THE TRADE. WE COULD ENTER IN THE 61.8 RETRACEMENT OF THIS LAST IMPULSE. PACIENCE NEEDED!
Dec 20
Comment: Completely profitable trade!

Comments

Hola Carlos, nice chart. I was looking at this today, as well. Close above 3.91 should confirm more upside. Looking good.
Reply
ccerezo11 gorillacharts
Hola! Thank you for your comment. Yeah right now it's still going up, now in 3.95 but I am very sure about the retest! What you think?
Reply
Gracias Carlos por compartir el gráfico
Reply
ccerezo11 NovatoMaximo
Nada hombre!! Un saludo
Reply
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