Credit Suisse Price Channel PainI don't love the idea of making grandiose predictions; I prefer to see everything in ranges of probability.
That being said, the few simple tools I have added to this chart seem to have rather negative implications.
There may be other price levels that are noteworthy, but I see the psychological levels of $10 and $3 having importance here.
$6.50 as a previous ATL.
$2 Psychological Support Level currently bearing the brunt of the weight.
The wick of the current candle falls below to the current ATL of $1.76.
I have marked a vague price channel towards the end.
End result is a possible price channel to $0.
To me, this doesn't look great.
Take everything anyone says with a grain of salt.
DYOR/DYOC.
Commentary welcome; I don't mind being wrong, especially in this case.
Creditsuisse
Maximum Pain in The Future CS Credit SuisseBanks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest.
But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves.
A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions.
Credit Suisse is A Mess, This won't be good R-R for a reversal until late 2023. There are hundreds of significantly better opportunities available
CS Group - CSGN• Slightly upside corridor since beginning December 2022 (daily chart on the left side)
• The stock is currently trading at the bottom of the corridor (left side chart)
• Low volume in the last days (left side chart)
• Break out of the decreasing trend line in the last weeks (weekly chart on the right side)
• Supportline at 2.654 (right side chart)
• MACD line crossed the MACD Signal upward, which supports the outbreak of the decreasing trendline (right side chart)
• Stay neutral and wait if the support will hold
Growth potential for CSGrowth potential for Credit Suisse, that is currently trading at the lowest ever reached.
CS quite likely hit bottom and is slowly crawling out of the hole.
Mismanagement hit the company in the recent years and the recent (few days ago) reshuffle at the top of its Investment Banking division is yet another step for the company to seek a way out of the current situation.
Two important levels are to be monitored in my opinion.
3.40 and 3.80 are two levels to keep in mind as strong resistances to break in order to see a real bull run.
*** This Content is for educational and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. ***
CS | I Might Be A Buyer | BounceCredit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services. It also provides financing and lending solutions, including consumer credit and real estate mortgage lending, real asset lending relating to ship, and aviation financing for UHNWI; standard and structured hedging, and lombard lending solutions, as well as collateral trading services; and investment banking solutions, such as global securities sales, trading and execution, capital raising, and advisory services. In addition, the company offers banking solutions, such as payments, accounts, debit and credit cards, and product bundles; asset management products; equity and debt underwriting, and advisory services; cash equities, equity derivatives, and convertibles, as well as prime services; and fixed income products, such as credit, securitized, macro, emerging markets, financing, structured credit, and other products. Further, it provides HOLT, a framework for assessing the performance of approximately 20,000 companies; and equity and fixed income research services. The company serves private and institutional clients; ultra-high-net-worth individuals, high-net-worth individuals, and affluent and retail clients; corporate clients, small and medium-sized enterprises, external asset managers, financial institutions, and commodity traders; and pension funds, hedge funds, governments, foundations and endowments, corporations, entrepreneurs, private individuals, financial sponsors, and sovereign clients. As of December 31, 2021, it operated through a network of 311 offices and branches. The company was founded in 1856 and is based in Zurich, Switzerland.
In mids of festive season in India, Gold rising quickly.Usually during festive season buying of gold multiplies by many times in India, a very large scale gold market. Also, global uncertainties due to Credit Suisse bank issue has some people going back to old safe bet.
At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month.
Also, while there is indeed some crisis, its not going to be 2000, 2008 or even 2020. There is no surprise element and market has been adjusting for it for last 5-6 years, evident by the stick price of Credit Suisse bank itself.
So accumulate, but be careful at what levels, don't panic buy.
At such a times its usually better to limit exposer.
🔥BTC IN UPTOBER 2022: upcoming pumps, Credit Suisse, DXY, SPXHi friends! September closed with a loss of -3% for BTC. As 7 out of 9 September were "red" for crypto, it was expected that the 10th September would close in negative zone. Finally, we have reached October, which has already been nicknamed UPTOBER . Wonder why? Read to the end!
🔥UPTOBER IS HERE🔥
Friends, take a look on this stats. 7 out of 9 Octobers were green with profit from 10% to 61%. This means that with a high probability this month can already close in significant profit. Bitcoin has been in consolidation for more than 4 months and this "spring" should soon uncompress!
📊 BAD NEWS on CREDIT SUISSE, DEUTSCHE BANK, BRITISH FUNDS etc.
A lot of analytics and retail traders compare current situation on the market to the colapse of Lehmann Brothers Bank which had been closed at 2008 crysis and a lot of depositors lost their money. This were the worst day for stock markets for decade.
Now another banks like CREDIT SUISSE (CS) and DEUTSCHE (DB) got in trouble. But I want to remind you the Boeing (BA) case in 2020 after the start of the pandemic Covid-19. A large number of air carriers and developers began to go bankrupt. To prevent this, Boeing asked the government for 60 billion of business support.
Of course, Boeing was saved, because in case of bankruptcy, a huge number of people would have been fired and it would have been a serious blow to the aerospace industry.
Now imagine if the world's largest banks got into trouble. I am more than sure that no one will let them go bankrupt, because millions of people have deposits in these banks.
🚩 I recommend to pay attention to such news as those that deliberately cause panic of retail traders. You know what to do in this case, right?
📊 S&P 500
The worlds largest index renew it`s lows at the September close. I hope that this update of the lows were just trap for retailers and the price can bounce up this week. I got a lot fundamental confirmations that the market srtongly overbought. Of course, pay your attention to today's market opening.
🚩 In the last 2-3 months, we see that Bitcoin has stopped "following" the SPX and even shows strength: when the SPX falls, Bitcoin either grows or consolidates.
✅ This is already not so strong but the bullish signal!
📊 DOLLAR INDEX (DXY) - strength of dollar to another currencies
Dollar index grow usually coincides with SPX, BTC dump and vice versa. BTC and SPX grow when the DXY fall or consolidate.
🚩 The dollar index fell by 2.5% after touching the upper border of the 14-year channel. Let's hope that this will stop the growth of the index.
Bitcoin rose by 5% at the same time, which confirmed our pattern. More about this pattern in the latest idea!
🔥SUMMARY🔥
🚩 The most green month for crypto begin
🚩 Inflations is already reach it's highs
🚩 DXY reach the resistance
🚩 The highest level of the bad news are among us
🚩 Upcoming eletion to senate on November 8. I am sure that before the Senate elections the Democrats will do everything not to destroy the financial markets.
🚩 BTC in consolidation for 4 month and look stronger than falling SPX
✅ Bitcoin is able to surprise everyone with unexpected growth or fall, so I recommend traders to be on the alert. This time, the spring in which Bitcoin is now compressed can uncompress very quickly and unexpectedly.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
VIX and SP500 200 MA risk (PART-1)This weekend Bloomberg LP write “The #nyse Composite Index, which includes US stocks, depositary receipts and #realestate investment trusts, has broken multiple technical support levels including its 200-week moving average, the 14,000 mark. Now, accumulated losses could force #funds to sell more assets to raise cash, accelerating the selloff“ Well, #sp500 is testing 200-week moving average. This break has already occurred in the past, 1 in 2007 and then 2020 in the covid crisis, on both occasions a very similar event was repeated in the VIX index, in both cases when a break in the area above 30 points was consolidated, After several failed attacks, a rapid increase was observed that took the #vix from 30 to 80 points in 2008 and from 30 to 60 points in 2020. I know that it is hard for many portfolios this time, and that is why, I recommend buying VIX CALL options before this eventual scenario.
Good luck to all!!
Coming soon the second part. Where I will show the future BUY opportunity for the stock market
TVC:VIX CME_MINI:ES1! SP:SPX CAPITALCOM:US30 OANDA:SPX500USD AMEX:SPY
Credit Suisse
Mission:
The Credit Suisse Group purpose is at the core of everything we do. It underpins the value we create and has powered our progress for more than 160 years. It captures the essence of 'why' we exist as an organization. It motivates us when we come to work every day and serves as our North Star when we make decisions. Ultimately, it serves to define who we are and what we should be doing for our employees, clients and stakeholders. A revised code of conduct aligned to our new cultural values is available here: credit-suisse.com/codeofconduct
Our strategy builds on Credit Suisse's core strengths: our position as a leading wealth manager with strong global investment banking capabilities and our strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets.
We serve our clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by an integrated global Investment Bank.
What do you think?
Like, follow, agree, disagree!
INDICATORS POINTING DOWN - RANGING - MARKET CHANGE - TVIXF 240MNThank you for your lies and shares, Much appreciated!
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The market needed to be looked up with another eye. After the decision of the Credit Suisse company to take down some shares.
Did we notice any change ? No!
Market TVIXF changing in market shape, passing from a descending trend to a ranging lower trend. Is it the results of the company's decision? No!
For the analysis, we can clearly notice that there is a strong resistance illustrated with a green horizontal line, which as been tested several times before. Possibility of an entry short from that point again to be on the wave of a probable pullback down on it.
Furthermore, the lower part of the actual overall horizontal trend marked with the orange line, can probably see the market trying to break it, to evolve at a lower price.
Another idea would be an entry long from that point(bottom orange line)
At the moment, because the market hasn't shown any strong sign of recovery, we would wait and see what is going the happen from next week.
So Wait Few Days to Increase Your Probability Limiting the Risks.
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We see more and more people happy taking positions and decisions through our analysis.That's great!
Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.
TRYING TO PUSH THE CEILING FOR A RECOVERY - HOPES - TVIX - 30MNTVIX market has changed and now ranging.
We have seen the market testing the top of the range and the readjusted top red resistance line.
The former dotted line becomes now a support.
This new configuration increase the probability of seeing the market passing above the resistance downtrend line. Where, an entry for a long direction trade will have more chances to succeed.
COMING SQUEEZE DOWN BEFORE PRICE RISE - JUNE - TVIX - DAILYIn a decreasing trend at the moment, the TVIX market is in a channel that sees its tops declining when the bottoms are being repeatedly bouncing on the support line. Buyers and Sellers are arriving to a crossing point slowly. Unless we notice a break on the support/resistance in this channel, the probability of seeing the market going down further is strong.
If you hold positions above the actual price, all depends on how long you can wait and hold on your losses.
The market will probably from the middle of next week give us more hint in what it wants to do. Better wait two weeks at least, the beginning of June and the second week of June would possibly be nice to trade (Meaning more volatility)
HIGH VOLUMES ON CREDIT SUISSE - PREPARE NOW - TVIX - 30MNThank you for your likes! Much appreciated! Please also share to benefit to the community.
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After a long run down, we notice that the TVIX is suddenly running in the opposite direction.
Huge volumes are present now . Possibility of a live observation of the end of the uptrend.
Prepare to enter , with a probability of seeing the price returning to the blue doted line corresponding to an historical resistance .
If you already have positions and could gain through this up move, it is time to get out and wait for new entry.
CSGNZ Credit Suisse potential bullish bat pattern on 4Hbuy CHXEUR:CSGNZ @ 10.70 (this idea is for the shares listed on the Swiss Stock Exchange)