SAN/N trade ideas
Banco Santander: Love story with Blackstone gone wrong?Quasar is the firm created by Banco Santander in association with Blackstone, who holds 51%, to deal with Banco Popular's toxic assets. In 2019, Quasar suffered losses of €1229 million and covid19 may increase them a lot. If Blackstone decides to bring the Spanish bank to court, SAN could face subpoenas and legal amendments that could bring down SAN's shareprice once again from its recent peak 3€. Therefore, in the coming weeks investors will be careful on including SAN shares in their portfolios and we might expect some volatility once SAN touches 3.16 level, as I do not expect it to cross Fibonacci retracement level of 0.78 because its RSI will have already surpassed 70 (overbought).
But watch out short sellers because analysts predict that Banco Santander will have €4300 million in profits for 2021 compared to its losses of €8771 million in 2020.
Banco Santander Potential Area of Demand 02 January 21Saturday 02 January 2021
Banco Santander Would
Like to see a pull back to
the Potential Area of Demand
around 162.00 LSE:BNC LSE:BNC
ampliacion de capital SAN 1.000.0000 MIL millones de acciones#SAN jump off in time! Soros' coming to
BANCO SANTANDEROverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
3.70 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 2.50.
We are currently trading below the crucial 52 day low of 1.90 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
Banco Santander? Long term buy? Looks like it has broken its downtrend and has broken the downtrend in RSI. Might be a good place to start a position
TOP-10 Most Important Banks in SpainThis is a review on a monthly view of the main banks in Spain.
We are not going to make any more comments than to limit ourselves to paste the charts, just to say that they are inside a big shit. In which one would you put your savings?
Greetings and God bless us.
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Banco Santander:
(this one attached to the idea)
Banco Bilbao Vizcaya Argentaria, BBVA:
Caixabank:
Banco de Sabadell:
Bankia:
Banco Popular:
(no info found)
Bankinter:
Unicaja:
KutxaBank & Ibercaja Banco:
(no info found)
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And finally a view of our main index, IBEX35:
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We need more brrrrr brrrrr brrrrrr...! Please Lagarde give us more brrrr brrrrr brrrrr!
Strong buy Santander BankI don't invest in banks but... this stock was downtrend since May 2017, so i have detected a double bottom in the lowest level, now it keeps consolidating and probably it will change the trend.
The next level: 3 per stock
SANso this has hit all time lows in price now taking a look at the overall price structure this could see some moves returning to the upside or could this still keep dropping ? and on the lower time frames its showing more likely that this could push up very soon. and overall we can see a nice clear pattern. i will wait for the first move up to be confirmed with this trade :)
BANCO SANTANDEROnly if there is a clear exit from the triangle upwards.
solo si hay una salida clara desde el triángulo hacia arriba.
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
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.
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Santander Looking Like an Interesting SetupBanco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
