The PEAD projected a Bearish outlook for $BSBR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Banco Santander (Brasil) S.A. offers various banking products and services to individuals, small and medium-size companies and corporate clients in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking.
Revenue TTM 10.5B
Net Income TTM 3.1B
Net Margin TTM 29.5%
P/E 8.86
P/S 2.24
P/B 1.30
Dividend yield 9.83%
Watch for volume to pick up for upside confirmation or wait for pullback for entry if volume does not materialize. Maintain upward MA slope and green mansfeld and you are good to go for Stage 2 uptrend with ZERO overhead supply to rein this in. One of the better looking stage 2s in the market imho.
This bank just popped up on my scan.
The Weekly chart looks great!
Monthly chart looks good too but not as good as the weekly.
POSITION: 10,000 SHARES
PURCHASE PRICE: $9.57
