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...
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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...
Interest rate hike is coming, most reputable banks have already gone through the roof whilst credit suisse is still under water. Lets monitor and wait for price to go above 200ma.
Big bull flag break in uptrend. Stopped at previous high, Looking for break through or wedge formation. Will update if i find an entry.
CS continues to follow the down trending pattern. Since our last posting we've moved lower and failed to make any new highs. Further breaks of lows could put CS into a steeper fall.
Trendline break + retest Entry 10.33 Stop 10 Target 13 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
CS has been in a well structured Elliot wave downtrend for a long time now and it's starting to look like we're into the end of an ABC and into a new 5 wave decline. Another to add to the list of banks making my sketchy senses tingle. See linked.
The storm is also likely to hit insurers and airlines hard
Long entry for CS predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Long entry for CS predicted by our AI algorithm. The time horizon of the prediction is approximately 5 days.
Bullish Cypher on CS with Bullish Div on MACD on 4 hr. Low r/r. NFA. Do your own DD.
Monster miner move, Looking for a ride to next fib resistance.
Credit Suisse should reported all bad news about Grensill and the stock is now cheap. A rebounce till maybe 13 is more than possible, after the discussions end. So it is actually a good buy.
Credit Suisse suffered badly from the Arpelegos scandal. Signs of Recovery could earnings be the boost for a really great trade?
Credit Suisse is a strong bank with ties all over the World. The past problems will be resolved while risk management will be tightened to give the bank a strong bullish outlook for some years to come. The stock is in a strong and volatile bullish channel and should continue. This is a great opportunity to go long.
Daily Chart. Looks like it is reversing to test its first resistance. It might go back up to fill the gap.