Santander representative till now of European Banking miseryEuropean banks have been much maligned and languishing for years.
Some banks have been trading at yields of close to 6 per cent (UBS and BNP are good examples.)
Despite the bad news and continued QE, banks in Europe even Deutsche seem to be forming long term bases.
The bases seem to be rounding bottoms and despite the fact that I am not bullish in general the following look as though they may be long term buys with potential to double in the next years.
Banco Santander
BNP Paribas
UBS Group
Momento dulce para comprar DIAimaginate triplicar tu inversión por 3 o por 4 !
Es el momento de intentarlo en DIA y creer en su resurrección. Invirtiendo poco dinero
BBVA Approaching Resistance, Potential Reversal BBVA is approaching its resistance at 5.309 (61.8% Fibonacci extension, 61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where it could reverse to its support at 5.025.
Stochastic is also approaching resistance where a reversal could occur.
Santander Long Position Santander, good opportunity to enter in a long position, it´s near de anual support of 3.8, then it rise to 4.40 near and make a retracement to 4.05€ to the level 61 of Fibbonacci and after bad news so it´s a goood oportunity to enter long, maybe can have a continuation on the dowtrend but it´s in a good price for long swing.
