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BANK

Royal Bank of Scotland is next be hit with a hefty US settlement"...Its progress with the DoJ is particularly important to Royal Bank of Scotland, because the British lender is also expected to be hit with a hefty US settlement . RBS posts third-quarter results tomorrow but is not expected to give a substantial update on its DoJ talks because they are not thought to be at an advanced stage ..." 27 OCTOBER 2016 • 2:33PM Source: www.telegraph.co.uk Possibly a very good place and time to plan a short position - technically and fundamentally.
RShort
by ArekJP
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
BME:SANLong
by ccerezo11
4
#UNICREDIT - NEXT EUROPEAN BANK WITH A BREAKOUTUnicredit is the next European Bank to stage an impressive base breakout. EU Banks are at a turning point, outperforming, and have a lot of catch-up to do. Technicals look great. Unicredit appears to move into a vacuum and I see immediate upside into 2.75/.77 I'm a chart analyst, not a fundamental analyst, but here are a few thoughts what could drive EU Banks outperformance. Fundamentals continue to look awful, however there are a few tailwinds from: - bank CEO acknowledging structural weaknesses (DBK CEO y'day) - serious consolidation talks - FED rate hikes
MIL:UCGLong
by gorillacharts
BankNifty : Lets Buy Some Banks ! Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @ Banknifty and it just broke out of rectangle pattern ( our favorite pattern for past 3 weeks..Love it ! ). So if there is any pullback to check the resistance-turned-support area 19000's, we will be ready to get long in Banknifty. That's the simple setup we are looking at. We can also count elliott waves starting from 18450's, and wave 3 getting completed around 161.8% of Wave 1. Wait friends, nothing rosy as it looks, bcos 161.8% n wave 3 doesn't imply it will return for sure,so that we all can go short. If we have to trade wave 3 to 4, look for other valid bearish confirmations & enter, bcos its possible that banknifty may decide to reverse @ 2.0 or 2.24 fib extensions. If all goes fine and short plan worked, book profits around 19000's (+/- 0.5 %) and initiate long positions around our marked entry zone in Banknifty. We can call it as pullback entry or based on waves or someother technical analysis, all are good n valid. It's myth that one method is better than other. So if we take long positions @ 19000 in banknifty we are aiming around 700pts, only if everything goes as we have analysed. Yeah ! Let's go n Buy some Banks :) Feel free to leave comments to discuss/ Hit Likes if you agree... Happy Trading ! To follow Me on Indian version of Tradingview : in.tradingview.com
NSE:BANKNIFTYLong
by InsiderB
Long term set upThis has all the right indicates set up for a very night bull move. It is coming off the bottom of 12.33 where it recently tested and held very strong with a lot of volume; this time no different, a lot of volume and the same exact price range. The MACD is looking very good as well with a very low entry. I'm about to enter a small position at 12.8 and wait until Monday and see what happens. If this does go higher Monday then we have a very good position on our hands!
BLong
by johnnys212