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SOCIETE GENERALESOCIETE GENERALESOCIETE GENERALE

SOCIETE GENERALE

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GLE trade ideas

Société Générale going into the wallThe bank (GLE) is clearly a prisoner of the displayed pattern and could lose 2/3 of its market capitalization from now... The next big support are the green lines on the chart which bring the share price in the EUR 5-10 price range (for a current dividend per share of EUR 2). A consolidation in the banking sector seems unavoidable. The question is who will buy the European banks first -> Americans or Chinese? ;) My advice - follow the price reaction from the extreme points of the pattern. Good luck!
EURONEXT:GLEShort
by K-maro99
GLOBAL FINANCIAL ENGINEERING SWING TRADING STRATEGY FOR Societe Our Proprietary Trading System indicates the following: The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish In light of the above trend analysis we will execute a bullish trade on Societe Generale SA using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily Time Bars (GDTB). This is an above risk trade since we are now trading against the Primary and Secondary Trend Global Entry Signal For Trade #1: Buy @ $23.05 Global Trailing Stop Loss Trade #1: @ $20.69 Global Target Profit Trade #1 : @ $42.00 Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3. --------- The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
EURONEXT:GLELong
by globalfinancialengineering
Societe' Generale - SHORT till 28/29 euroHi Guys, I very often read tons of UNREALISTIC and totally wrong trade suggestions - especially when it comes about cryptos ( BUT NOT ONLY ). The first reason is because they do not look to the general picture ( weekly charts ) and they do not know how to use indicators. ( even if they do believe to know how to use them )! Conversely, I am ALMOST ALWAYS right! You can check my trade predictions and you can evaluate by yourself. So let's come to the point! Nowadays BANKS are just GARBAGE. In the next future, banks are going either to disappear or if they wanna survive, they will need to totally rethink their business transforming themselves in brokers. Following, you can find the classification about the worst European Banks: 1ST Place for German Banks: DEUTSCHE BANK AND COMMERZBANK.... the worst two banks in the European Scenario / stay far from them and keep shorting them! They are still there just because of politics....but in terms of business they are failed. The game will not work forever...market already knows their value is "zero". 2nd place for Spanish Banks: Banco Sabadell is a real disaster... charts itself explain everything. Let's come now to evaluate Societe' Generale - A weekly black candle has broken a long term support - No reason to buy this stock. Space till 29/30. See you soon guys with new trading ideas, Simone
EURONEXT:GLEShort
by SimoneSiesto
3
Societe Generale (France): Big Short setupA = resistance B = flush-high / false breakout / whatever you want to call it C = formation of resistance @A The outlook has been bleak for some time. Pressure is mounting further with the development of a large H&S reversal pattern on the weekly chart. This pattern will be completed below the neck line at ~42.00. This pattern, in combination with the weak Banking sector and earlier 'flush-high', make SocGen a prime short-entry candidate on all time frames. The first target comes in at 38.80. Below that the H&S pattern has a projection of roughly 33.30. On the upside, maintain stops above (max) 45.90. Primary trend: negative Outlook: negative, new primary down trend Strategy: hold-short and/or short-entry Support: 42.00 / 38.80* / 33.30* Resistance: 45.90 / 52.20+ Outlook cancelled/neutralized above 45.90
EURONEXT:GLEShort
by buyem_nl