so this has hit all time lows in price now taking a look at the overall price structure this could see some moves returning to the upside or could this still keep dropping ? and on the lower time frames its showing more likely that this could push up very soon. and overall we can see a nice clear pattern. i will wait for the first move up to be confirmed with this...
Posible canal lateral con soporte y resistencia.
Only if there is a clear exit from the triangle upwards. solo si hay una salida clara desde el triángulo hacia arriba.
SAM HAS MADE AN ABC CORRECTION IN BETWEEN APRIL 2019 AND SEP 2019 @3.9000 PRICE HAS TESTED SEVERAL TIMES FORMING A HEAD AND SHOULDER PATTERN PRICE HAS BROKEN THE 3.3855 INDICATING A FURTHER DECLINE WITH PROJECTION TARGET: @ 3.0605 1.618% FIBONACCI EXTENSION WHERE PRICE WILL ENCOUNTER JUN 2016 LOW @ 3.0980 AT THIS POINT PRICE COULD GIVE A POSITIVE REACTION...
The bank like the industry as a whole is on a long term bearish trend since the pre subprime mortgage crisis in 2007. On the 1W chart we see a clear bearish curve (RSI = 42.379, MACD = -0.083, ADX = 31.053, Highs/Lows = -0.0432) with Lower Highs and 3.1000 as the Support. Since 2009, once the price crosses the 1W MA200 (orange line) SAN becomes a long term Sell...
Banco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
Setup identified by algorithm. Entries Stoploss Targets All set, now we wait.
Comparing Santander bank and Bitcoin.
European banks have been much maligned and languishing for years. Some banks have been trading at yields of close to 6 per cent (UBS and BNP are good examples.) Despite the bad news and continued QE, banks in Europe even Deutsche seem to be forming long term bases. The bases seem to be rounding bottoms and despite the fact that I am not bullish in general the...
Moving up after breaking out of downward trend. In for the reversal.
Santander, good opportunity to enter in a long position, it´s near de anual support of 3.8, then it rise to 4.40 near and make a retracement to 4.05€ to the level 61 of Fibbonacci and after bad news so it´s a goood oportunity to enter long, maybe can have a continuation on the dowtrend but it´s in a good price for long swing.
Channel has been broken and interesting insider trading
Bounced at the 0.786 The fundamentals of this bank are really strong. If Italy doesn't crash, Santander is a clear long hold.