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...
IAG just broke through a triangular pattern and has been staying lately above the 50D moving average. I just opened a long position. SL1 4.50 and SL2 4.43
Español:
2 ideas.
B) Largo tras superar zona 4.50-4.55 (intención y volumen en esa zona)
B') Corto tras rechazar precio zona 4,50
English:
Two ideas.
B) Long after overcoming area 4.50-4.55 (intention and volume in that area)
B ') Short after rejecting 4.50 price zone
European Banking scenario is quite unstable and untrusted. If the crisis situation on the EU zone wasn't enough add breixt to that. This bank Caixabank (CABKE) is actually catalan bank, where and independency process is taking place. If that will take place in fact is somethong nobody know right now. But this is another element of turbulence.
Despite of that....
LAR HAS BEEN MOVING WITHIN A BEARISH CHANNEL IN THE LAST MONTHS. IT IS NOW TRYING TO RESTRUCTURE TO POSSIBLY START A NEW LONG IMPULSE. IT MAY DO SO WITH PRICE ACTION MAKING A DOUBLE BOTTOM AROUND 6 EUROS. TECHNICALLY ONE SHOULD GO LONG ABOVE 6.70 EUROS, THAT IS ABOUT 10% ABOVE THE STOP LOSS. IT MAY BE POSSIBLE TO FIND SOME OTHER ENTRY POINT AT SHORTER TIME SCALES....
acumulación.
Volumen más alto histórico + volumen de compras mantenido.
OPV en un futuro?.
Segunda parada con menos volumen.
accumulation.
highest historical purchase volume + volume maintained.
OPV in the future ?.
Second stop with less volume.
