Societe Generale (GLE) - Full Target Reached - Close TradeToday, 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 period however, yesterday’s price action is positive following nearly 3 months below resistance. The measured upside move projects a target of €26.39 (TP 1), which is also where the price could close the the gap left on 27-February-2020. Stop-loss: 16.80.
BNP PARIBASPierri is currently deputy CEO of BNP Paribas AM and head of its global client group. Based in Paris, he will report to Renaud Dumora, future deputy COO of BNP Paribas, in charge of the investment and protection services division of the group, which includes BNP Paribas AM, alongside BNP Paribas Cardif, BNP Paribas Wealth Management and BNP Paribas Real Estate.
He succeeds Janbon, who will become special adviser to Dumora to smooth the transition, before leaving the group at the end of the year to pursue other professional opportunities.
Under his leadership, BNP Paribas Asset Management has become a global leader in sustainable investment."
Jean-Laurent Bonnafé, CEO of BNP Paribas group, said: "I would like to sincerely thank Frédéric Janbon for his overall contribution to the BNP Paribas Group, in which he spent most of his professional career.
"During his tenure at the head of fixed income and up until 2014, he successfully built and ran a powerful and recognized fixed income and debt capital market franchise.
"Since 2015, he has refocused and transformed our asset management activities into a fully integrated platform delivering solid investment performance to our clients. Under his leadership, BNP Paribas Asset Management has become a global leader in sustainable investment."
BUYING @ CURRENT LEVELS
TAKE PROFIT @ 61.5 EUR
NOK | Weekly "Trap Zone"Hey all,
Nokia has been trading within a trap zone between it's 20- and 50-day MAs on a weekly time frame. This can be considered an accumulation zone, that has stretched since March to date.
The idea is that the stock seems to have found a historical bottom around March 2020, has been on a consistent uptrend since then (taking away the reddit-driven rally), MAs are finally looking bullish.
Not sure this would have the momentum to break through long term downtrend resistance though.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
TotalChart pattern: Bull flag
Entry: 38.48€ (this would end the secondary downtrend of the correction)
Stop: 36.36€
Target: 44.70€
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: > 2.9:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impuslive move.
Ordersize example: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 1850€.
BUY AIRBUS or keep in te wallet/ACHETER ou Garder Hello everyone, according to my graphical analysis of AIRBUS, there is a high probability of an increase. Because we are on an uptrend and the candle did not forcefully break the support so it has a probability of increasing
Bonjour tout le monde, d'après mon analyse graphique d'AIRBUS, il y a une forte probabilité d'augmentation. Car nous sommes sur une tendance haussière et la bougie n'a pas casser avec force le support donc il a une probabilité d'augmentation
ALHYG ready for impulsive moveHi everyone,
the price range is narrowing and rotate around 0.3 value, it seems that we are ready for an impulse distribution.
Mar 25th POC at 0.29 should offer support.
Possible target 0.7.