Trading Idea - #Intesa #Sanpaolo
Updated
BUY
ENTRY: 2.34 EUR
TARGET: 2.65 EUR (+13%)
STOP: 2.19 EUR
1.) Intesa Sanpaolo is moving in a strong upward trend.
2.) Third rejection on the lower trend line indicates an entry and a trend continuation.
3.) Intesa Sanpaolo surprises with a jump in profit in the last quarter.
4.) Intesa Sanpaolo has a huge capital base
5.) After the dividend pause during the Corona crisis, dividends are to be paid out again in autumn. That is how long the upward trend could continue.
ENTRY: 2.34 EUR
TARGET: 2.65 EUR (+13%)
STOP: 2.19 EUR
1.) Intesa Sanpaolo is moving in a strong upward trend.
2.) Third rejection on the lower trend line indicates an entry and a trend continuation.
3.) Intesa Sanpaolo surprises with a jump in profit in the last quarter.
4.) Intesa Sanpaolo has a huge capital base
5.) After the dividend pause during the Corona crisis, dividends are to be paid out again in autumn. That is how long the upward trend could continue.
Trade closed: stop reached
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