Sell BBH if gets below 113 or hits 122 Target (1) 100 Target (2) 75-80 for 2018
Intermediate target 220/230 End of Swing at 200
Whole sector is overcrowded and multiples are at highest level ever. (EV/EBIT, P/S) Swing Trade for Summer.
3410 3323 3271 3241 Also Its in the upper range side channel since mid feb - till today = distribution.
Target 110-111 I expect a big selloff in USD next days
Good accumulation range next days
Next days gonna be announced. This is dilutive for asset price. 4.20 euros/share
Thesis: Credit Agricole Balance is 18x times worst than BNP in terms of Free Capital Resources / Vs Tangible Equity. Credit Agricole may have to raise capital up to 3.000 = which is dilutive.