At the bottom of a channel.. looks quite possibly that we could see a large bounce there. It is quite literally the only bank stock that I've seen that looks good to me.
CS BANK FAIL WAS FIRST CALLED HERE! 3 WEEKS AGO. Chart analysis
UBS Group AG has made an offer to acquire Credit Suisse for as much as $1 billion. The Swiss government is planning to change the country's laws to bypass the need for a shareholder vote on the deal, as they seek to restore confidence in the banking sector following Credit Suisse's outflow of 10 billion Swiss francs in just one week. The proposed agreement,...
After a brief period of calm following the collapse of Silicon Valley Bank, Credit Suisse disclosed "material weaknesses" in their financial reporting controls and ongoing customer outflows, setting off another bout of instability across global assets. Credit Suisse's biggest investor, Saudi National Bank, also noted that it could not offer more financial support...
Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on...
Growth potential for Credit Suisse, that is currently trading at the lowest ever reached. CS quite likely hit bottom and is slowly crawling out of the hole. Mismanagement hit the company in the recent years and the recent (few days ago) reshuffle at the top of its Investment Banking division is yet another step for the company to seek a way out of the current...
Axa - 30d expiry - We look to Sell a break of 25.89 (stop at 26.71) We are trading at overbought extremes. Short term bias has turned negative. Short term MACD has turned negative. The bearish engulfing candle on the daily chart is negative for sentiment. There is no clear indication that the downward move is coming to an end. A break of the recent low at...
Axa - Intraday - We look to Sell a break of 26.19 (stop at 27.11) We are trading at overbought extremes. Posted a Double Top formation. Bearish divergence is expected to cap gains. A higher correction is expected. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Although we remain bullish overall, a...
Axa Short Term - We look to Sell at 25.34 (stop at 26.01) Levels close to the 78.6% pullback level of 27.36 found sellers. Further downside is expected and we prefer to set shorts in early trade. The move higher is mixed and volatile, common in corrective sequences. The bias is still for lower levels and we look for any gains to be limited. Our profit...
Axa - Short Term - We look to Buy at 26.38 (stop at 25.61) Preferred trade is to buy on dips. The medium term bias remains bullish. Prices expected to stall near trend line support. Previous support located at 26.20. Our profit targets will be 28.63 and 29.45 Resistance: 28.00 / 29.00 / 30.00 Support: 26.20 / 25.00 / 24.00 Disclaimer – Saxo Bank...
Good time to buy in CS after the 1st correction. 2700 sts is expected price in long term, but 850 is entry price.
Credit Suisse is one of the most credible investment banks with various arms of business that has given them a phenomenal balance sheet. The recent Archegos implosion may put some clients on edge and although the bank has had to sell some hefty positions, it is expected that such a strong company will return. RSI has reset and bounced showing a reversal may be...
They say the market isn't manipulated. Anyone that's been trading usually knows the market makers and insiders move the stock market. I find it funny that both of these assets basically fell and backtest prior breakout resistance lines and essentially created higher lows after both completing higher highs . Media makes it sound like armageddon to get holders to...
I usually don't take these type of trades but when i looked at this asset in monthly view i liked what i saw. So Credit Suisse has been in the news all week. Had a huge selloff. But if you look at the monthly chart you'll see that back in November it had broken out of a resistance trend line that held it back since 2007 but it never backtested that resistance...
The debt based economy is here to stay. CS has an important role in the financial markets. So, their value will be increased as their strategy unfolds.
Gee, Imagine that, another European Insolvent Bank Walking… Short Term, Credit Sleaze looks like it is working its way down to $8. Long Term, Credit Fleas is projecting a massively negative valuations, complements of the massive pile of derivatives they like to play with…
After 5 weeks of waiting, I believe we may have a breakout confirmation. The huge gap up yesterday penetrated and closed above last week's high, signalling the H&S bottom completion. The is a huge one with excellent risk to reward... hold on! #CS #creditsuisse