$BSBR with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BSBR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
SANB11M trade ideas
Buy $BSBR - NRPicks 10 SetBanco Santander (Brasil) S.A. offers various banking products and services to individuals, small and medium-size companies and corporate clients in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking.
Revenue TTM 10.5B
Net Income TTM 3.1B
Net Margin TTM 29.5%
P/E 8.86
P/S 2.24
P/B 1.30
Dividend yield 9.83%
boom stage 2Watch for volume to pick up for upside confirmation or wait for pullback for entry if volume does not materialize. Maintain upward MA slope and green mansfeld and you are good to go for Stage 2 uptrend with ZERO overhead supply to rein this in. One of the better looking stage 2s in the market imho.
BUY! BULLISH INDICATORS! This bank just popped up on my scan.
The Weekly chart looks great!
Monthly chart looks good too but not as good as the weekly.
POSITION: 10,000 SHARES
PURCHASE PRICE: $9.57
BSBR - Time to buyAll the brazilian bank have rebounded on the .786 of the last bullish movement.
Time to buy as much as possible.
Buy BSBR between $7.00 and $7.24 for short-term bounce.Buy BSBR between $7.00 and $7.24 for short-term bounce.
