BNP was always strong before march ! well now you have a big chance to make part of it !
we just wait for the raise and the match with start of trade value as simplified in chart.
Will keep updates here
BNP Paribas (BNP - Paris) is in ABC zigzag wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to CAC40 index. It is in severe downtrend with almost no bounce within last 3-4 week. Good sell candidate for next move C wave down.
The market tried to break the 0.23 Fibo level twice but it couldn't so there will be a possibility to go to the 0 fibo level .
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DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a...
Possible trade opportunity, but risky as latest bullish move is news related to a Brexit resolution.
Entry $26.2 Target $28.8 Stop loss $25.6
P/E ratio 7.5 (very low)
Company profile
BNP Paribas SA engages in the provision of banking and financial services. The company operates through the following business: Retail Banking and Services, and Corporate...
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...
Long BNPParibas. The stock tested demand zone & rising. Good opportunity to take Long position. Study the chart. This analysis is educational purpose only.
BNP Paribas still falling after 300 and 600MA cross.
"BNP Paribas S.A. is a French international banking group. It is the world's 8th largest bank by total assets, and currently operates with a presence in 77 countries."
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the continuation of the downtrend movement tracking trend oscillators as below:
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not...
