Today, SocGen has reached my full target of 26.39, which is also the close of the gap. This trade can now be fully closed for a 39% return over a 3-month period. Original Idea published to clients on 16-February-2021 Medium Term View | A strong, 11-month base breakout for the French Bank. The €18.25 to €18.40 level has acted as a supply zone throughout the...
FRANCE HAS THE HIGHEST DEBT LEVELS ON EARTH! ITALY HAS ARGUABLY THE SLOWEST GROWTH ON EARTH ADJUSTED FOR INFLATION AND GOVERNMENT DEFICITS! THEIR LARGEST BANKS REFLECT THIS! BOTH ARE APPROACHING THE KEY 5$ LIQUIDATION PRICE! OF COURSE, IT IS FAR FROM RIDICULOUS TO SUGGEST THESE BANKS WILL NOT BE ALLOWED TO FAIL, AS THEY POSE SYSTEMIC RISK TO THE ENTIRE GLOBAL...
There is not a single sign for optimism for GLE. All the MAs are heading down with 21EMA below 50SMA below 200SMA... Supertrend has been a sell for a while. The last straw that broke the camel's back came last Friday, when it broke down the descending triangle on huge volume. The volume profile shows that there is thin resistance below. The decline is likely to...
Societe Generale SA (GLE - France) is in ABC correction in 1 hr time frame as similar to CAC index, where B wave is over within wxy complex correction. Wait for impulse down to confirm the C wave down in 5 min time frame and its pull back to get in to trade with stops above invalidation level 15.76. In weekly time frame it is in downtrend, which may extend further.
Soon to be nationalized... Spain, Italy, do you hear?
Do not buy for the moment (Neutral)
We are on a all time low for Societe Generale at 14.5 and just below a major support never broke even in the middle of the 2008 crisis at 15.296 we should wait for the monthly close if it´s above or below 15.296 if above we will eventually rebond if not … For the long term Investors the Dividend yield is 12.5% and the EPS (earning per share) = 3.085 you could...
The market is in sharp decline and could not return to the 0.5 Fibo area. We also see that the market reached 0.23 Fibo but did not break it, so there is a possibility of a fall to the 0 Fibo area. if you liked this idea or have your opinion on it, write in the comments.
WAITING BEARISH PATTERN UPPER VWAP TO SELL
The bank (GLE) is clearly a prisoner of the displayed pattern and could lose 2/3 of its market capitalization from now... The next big support are the green lines on the chart which bring the share price in the EUR 5-10 price range (for a current dividend per share of EUR 2). A consolidation in the banking sector seems unavoidable. The question is who will buy the...
Short opportunity for a swing trade unfolding here, look for a trigger on the supply zone
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...