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DAILY SAM TECHNICAL ANALYSIS MONDAY 2 MAR 2020 SAM HAS MADE AN ABC CORRECTION IN BETWEEN APRIL 2019 AND SEP 2019 @3.9000 PRICE HAS TESTED SEVERAL TIMES FORMING A HEAD AND SHOULDER PATTERN PRICE HAS BROKEN THE 3.3855 INDICATING A FURTHER DECLINE WITH PROJECTION TARGET: @ 3.0605 1.618% FIBONACCI EXTENSION WHERE PRICE WILL ENCOUNTER JUN 2016 LOW @ 3.0980 AT THIS POINT PRICE COULD GIVE A POSITIVE REACTION BACK TO 3.9000 BREAK BELOW THE 3.0605 NEXT PRICE PROJECTION: @ 2.8290 200% FIBONACCI EXTENSION FURTHER BELOW ON A WEEKLY CHART: @1.7500 THERE IS A 100% SYMMETRY FROM NOV 2007 AND MAR 2009 AT THIS POINT THE SPANISH BANK COULD GIVE A STRONG POSITIVE REACTION NOTES: THE SPANISH BANK HAS FILLED ALL GAPS UNTIL THE 25 JUL 2011, UNFILLED GAPS BELLO: 25 JUL 2011 @ 7.3015 9 DEC 2014 @ 7.1240 14 APR 2014 @ 68900 RESISTANCE @46820 SUPPORT @3.0980
BME:SANShort
by TradeChartPatternsLikeThePros
Banco Santander: Bullish in 2020. Investment opportunity.The bank like the industry as a whole is on a long term bearish trend since the pre subprime mortgage crisis in 2007. On the 1W chart we see a clear bearish curve (RSI = 42.379, MACD = -0.083, ADX = 31.053, Highs/Lows = -0.0432) with Lower Highs and 3.1000 as the Support. Since 2009, once the price crosses the 1W MA200 (orange line) SAN becomes a long term Sell opportunity. At the moment the RSI fractal is posting a bottom sequence and since we are that close to the 3.1000 Support we are turning bullish on Santander for the year and will sell once we cross the 1W MA200. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BME:SANLong
by InvestingScope
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€.
BME:SABLong
by alexinve
Gestamp aiming down towards 2.98€Gestamp technical aspect is quite bearish. It may either try to rebounce to 4.14 or 4.08 to go straight down again if no good news about the company are issued. Besides, Gestamp has nine plants in China, one of them in Wuhan, which employs about 270 workers and specializes in chassis and bodies. The plant is closed for the Chinese New Year, which has paralyzed or minimized industrial activity in much of the country. So these are definetely no good news.
BME:GESTShort
by alexinve
EURO BAJISTA BANCOS BAJISTASEN D.A. GLOBAL INVESTMENTS DESCONFIAMOS DE LAS POSICIONAS CORTAS EN ACCIONES PERO LO CIERTO ES QUE UN TRADER PROFESIONAL DEBE CONOCER CUÁNDO EXISTE UNA MAYOR VENTAJA ESTADÍSTICA Y EN ESTA OCASIÓN LA VENTAJA VIENE DADA A LA BAJA. OPORTUNIDAD DE CORTOS U OPORTUNIDAD DE ESPERAR A QUE CAIGA EL PRECIO PARA QUE LOS TOROS BUSQUEN POSICIONES ALCISTAS EN SOPORTE. SI QUIERES APRENDER A ESPECULAR E INVERTIR DE FORMA PROFESIONAL SUSCRÍBETE A NUESTROS CURSOS FORMATIVOS Y GRUPOS DE TRABAJO EN www.daglobalinvestments.com
BME:BKTShort
by D_A_GLOBAL_INVESTMENTS