Basing on the hypothesis of "Sell in May" we have a 66.66% of accuracy (8 red months, 4 green months, so 8win/12trades). It should be a nice start for a study on statistical cycles patterns, seasonality and other things.... All thanks to Enrico!!
The selloff is affecting Italian banks is not over yet. The stock entered a bearish channel and is headed to 1.8-1.9 Of course the price is heavily drugged by political risk and next Italian government's steps might change the trend abruptly. ***As usual not a trading advice, merely my idea for informational and educational purposes only***
ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution. What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it. Before I continue I'd Like to state two Axioms I take with me anytime I chart 1) A body in motion stays in motion unless an external force acts on...
This is how ISP may perform till the end of the year (my 2 cents).
This is another idea Matty and our group waiting on. Just wanted to share also
Intesa Sanpaolo Bank is, in my opinion, in a correction mode finding a support level at 2.70. Such a price was the one tested during last June "gap up" after the Italian Bank incorporated two smaller regional banks. Altough some analysts (www.thecerbatgem.com) forecasted a 3.20 target price, that level is quite difficult to reach in the short term. Much will...
UniCredit SpA and Intesa Sanpaolo SpA could face combined losses of almost 20 million euros from the failure of Innowatio.
ECB heading towards reducing QE and eventually raise interest rates in 2018. Is it good to buy these banks? looking for value.
ENTER 17.54 STOP 17.91 TARGET 8.5
LONG POSITION ENTRY POINT: 1° tranche <= 1,970 STOP LOSS <= 1,852 TAKE PROFIT: follow our updates and sign in www.tradingbusiness.it