TOP-10 Most Important Banks in SpainThis is a review on a monthly view of the main banks in Spain.
We are not going to make any more comments than to limit ourselves to paste the charts, just to say that they are inside a big shit. In which one would you put your savings?
Greetings and God bless us.
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Banco Santander:
(this one attached to the idea)
Banco Bilbao Vizcaya Argentaria, BBVA:
Caixabank:
Banco de Sabadell:
Bankia:
Banco Popular:
(no info found)
Bankinter:
Unicaja:
KutxaBank & Ibercaja Banco:
(no info found)
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And finally a view of our main index, IBEX35:
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We need more brrrrr brrrrr brrrrrr...! Please Lagarde give us more brrrr brrrrr brrrrr!
Sabadell
Sabadell swinging around. Will June 15 be its last swing?Sabadell is undervalued with respect to its books. Target Price set at 0.20€ with error margin of 10% (down to 0.18€ level), being it 0.13 times its book value. Expecting to reach it on June 8 and from there, launching a 50-60% pull-back until June 16. After that, hostile territory. It can either correct downwards or take off up to 0.4-0.47 level.
Sabadell touched lower bound of bullish channel from Aug 14Interesting performance of the bank. Spanish socialist-left political environment, Brexit and IRPH trial results to be known either next week or the first of February may affect negatively the company. However, in June 2019 news of Sabadell reducing its exposition -43% to IRPH and expecting an impact of €800 million instead of €1,600 million from Bankia or €6,446 million from Caixabank and in January 3rd 2020 news about Sabadell transforming its first dividend payment into distribution autoportfolio shares may affect positively the company. So what can we say? Well, looking at its technical behavior, if it breaks through 0.9246 we might experience a sharp fall towards 0.83 level. If it doesn break, we could go to 1.20€ but these would be levels from 2018 and there is a big resistance around 1.06€.
SAB aims higher - High Prob Trade - 16.08.2019Dear all,
Here's a quick trade short term that could play out the next week. There was a huge sell off few weeks ago, so that enhances the probabilities for the pattern to play out.
PROS:
- European Central Bank just whispered (not official) that the the 12th of September they will announce new measures to enhance liquidity and that a possible escenario could be to start buying Equities from private companies in addition to the TLRO's already done with sovereign bonds .
- Volume divergence is clear enough during this sell off.
STRATEGY
Buy the upper part of this week's closing figure (green line, please do use a LIMIT ORDER ) with stop loss (red line) and aim for a 10-11% target.
***NOT FINANCIAL ADVISE, JUST FOR EDUCATIONAL PURPOSES***