SAN trade ideas
SAN Short-Term Short Due To ChannelWe´ve all seen a pretty nice channel directing Santander´s stock, it has just hit the top and I predict it's going to move down to $4.65,to then start it's crawl back to the top.
I predict it's going to hit the entry price anywhere bewteen Januart 6th and January 17th.
SAN Weekly Fib ChartWhen interest rates rise they can start making more money in America and combined with the fact I'm hopeful they'll pass the next US fed stress test(they just passed one by the UK fed last week I think)
They're profitable, have a dividend and have had lots of downward pressure that should be ending or at least softening soon which should also allow them to increase the dividend.
It's a bit sketch that they are exposed to the European side of things with brexit and all that, but not suuuper worried about that - I think I'll keep buying up to $7
SAN LONG DUE TO INDICATORS, CHANNEL AND INCREASING RATESSantander´s stock reached a support level early this year, and it was confirmed mid-year, as of now, there's an obvious channel in which the stock is moving, and due to macd, rsi and stochastic, $4.50 would be a good entry point these days.
I don't recommend $SAN for a long term investment though, as I'm using daily candles, I recommend it for a short term one, buying when it reaches the support of the channel and selling as it reaches the resistence.
LONG POSITION ON SANTANDER S.A. - D1FOR THOSE WHO DO NOT KNOW SANTANDER S.A. IS ONE OF THE MOST IMPORTANT BANKS IN SPAIN. THE STOCK VALUE HAS BEEN DECREASING SINCE MAY 2015 WHEN THE PRICE WAS WORTH 6.80 € A SHARE. NOW SANTADER IS 3.87 € A SHARE AFTER 1 YEAR AND 3 MONTHS APROX.
THIS FALL HAS STOPPED NOW. FIRST SIGN OF CHANGE OF DIRECTION WAS THE TRIPLE GROUND SUPPORT LEVEL BELOW. THE MARKET CHANGED DIRECTION AND IT HAS BEEN FORMING A SOLID TRIANGLE PATTERN WHICH HAS BEEN FINALLY BROKEN.
I HAVE PUT A BUY LIMIT ORDER AS YOU CAN SEE LOOKING FOR THE RETESTING OF THE TRIANGLE. IF IT HAPPENS WE COULD MANAGE TO DO A VERY NICE ENTRY TOWARDS TO FURTHER RESISTANCE LEVELS FROM THE PAST YEAR AND 3 MONTHS AND LOOK FOR MANY BENEFITS!
TELL ME WHAT YOU THINK ON THIS!!
CARLOS
Will Santander continue to yield dividends? Banco Santander is one of my favorite dividend stocks that I acquired at favorable prices.
It took some beating in October with the test of the market and the Chairman also pasted away and his daughter took over.
What is interesting now is that we seem to be testing one balance and a test of the upper smaller balance should be possible. From there it could be a H&S printing. Whether it will have affect and fail and later propel us higher is hard to tell at this stage. Fundamentally the stock is great and has a great yield. Weather things will change only time can tell.
Potential trade opportunity both long and short exist. Long if markets rebound.
Will be monitoring closely.