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Societegenerale

Selling GLE into trend of higher highs.Societe Generale - 30D expiry - We look to Sell at 25.79 (stop at 27.22) 25.89 has been pivotal. The trend of higher highs is located at 25.80. Preferred trade is to sell into rallies. Daily signals are mildly bearish. Our profit targets will be 22.22 and 21.22 Resistance: 23.00 / 24.00 / 25.00 Support: 22.00 / 21.00 / 20.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:GLEShort
by Saxo
GLE looking lower? Societe Generale Short Term We look to Sell at 22.24 (stop at 23.54) Previous support level of 22.24 broken. Selling continued from the 50% pullback level of 26.20. The hourly chart technicals suggests further upside before the downtrend returns. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 17.19 and 16.10 Resistance: 22.25 / 24.00 / 26.00 Support: 20.50 / 17.15 / 14.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:GLEShort
by Saxo
GLEHello guys According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target. You should take signal at first then dont forget use stop loss and observe to your capital management. Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position. Everything is shown on chart, If you have question send us messages Good Luck Abtin
EURONEXT:GLEShort
by Abtin00
1
SocGen (GLE.pa) bullish scenarioThe technical figure Channel Down can be found in French company Societe Generale (GLE.pa) at daily chart. Société Générale S.A., often nicknamed "SocGen", is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial Services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services. The Channel Down has broken through the resistance line on 27/07/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 11 days towards 25.815 EUR. Your stop loss order according to experts should be placed at 22.820 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:GLELong
by legacyFXofficial
1
Long term investors Opportunity!!We are on a all time low for Societe Generale at 14.5 and just below a major support never broke even in the middle of the 2008 crisis at 15.296 we should wait for the monthly close if it´s above or below 15.296 if above we will eventually rebond if not … ​ For the long term Investors the Dividend yield is 12.5% and the EPS (earning per share) = 3.085 you could add Societe Generale to your portfolio for the long term and keep buying on every low ​
EURONEXT:GLE
by magnum375
About the recession, markets immunity to good news & US GDPThe US and China have traditionally been optimistic about the progress in the negotiations, but apparently, the markets no longer respond to this. If you yell “wolf”, in the end, people will no longer come. Something similar we can see in the negotiation process between China and the United States. They have been optimistic for more than a month, but there is no breakthrough. In this regard, we will continue to look for points for the purchase of safe-haven assets, which are providing excellent entry points. We will bring up a topic of the upcoming recession. In yesterday’s review, we wrote about the forecasts of Societe Generale analysts who expect a recession in the spring of next year. Recall, in March 2019 the so-called yield curve inversion took place (an anomalous situation when the yield on short-term US treasury bonds exceeds the yield on long-term bonds). As a rule, after this, a recession occurs within 12-18 months. Despite the fact that now the yield curve has returned to normal. In the spring comes the end of the countdown of 12 months. So analysts at Societe Generale are probably not mistaken. Fed Chairman Jerome Powell, meanwhile, once again confirmed that the US Central Bank is likely to continue to hold a pause in interest rate policy actions. Today, unlike Monday and Tuesday, will be quite busy in terms of macroeconomic statistics. First of all, we are talking about data on US GDP for the third quarter. Given that this is the second reading of the indicator, that is, the revised value, we do not expect any serious surprises. However, analysts do not expect as well, predicting the immutability of the preliminary assessment of 1.9%. In addition, you should pay attention to orders for durable goods in the United States, as well as the ADP report on the level of employment in the private sector. A busy day for the dollar will end with the publication of statistics on personal income and expenses, as well as incomplete transactions for the sale of housing. Recall our position on the dollar - to look for points for sale for almost the entire spectrum of the foreign exchange market. But today we are acting with an eye on the output data. This is not about changing the direction of the trades, but about the possible emergence of more interesting points for its sales.
TVC:DXYShort
by Trade24Fx
China makes concessions, Johnson's manifesto & Societe forecastsOn Monday markets were waiting for the successful completion of the first phase of trade negotiations between the US and China. This time, a positive signal was China's willingness to increase the punishment for violating intellectual property rights. China's regular violations of these rights that particularly irritated the United States and largely hindered negotiation progress. Information about the victory of the Democrats in Hong Kong also helped to relieve tension in the financial markets, as there is hope that this conflict can be resolved peacefully. Against the backdrop of such news, the decline in safe-haven assets seemed quite understandable on Monday. However, while we do not see any reason for global repositioning, we will use this decline in gold and the Japanese yen as an opportunity to buy safe-haven assets cheaper. Moreover, there is a “Trump factor”, which literally can turn the situation upside down. For example, sign the bill on human rights and democracy in Hong Kong or blame China for intransigence, etc. In addition, the global crisis is still potential. For example, analysts at Societe Generale expect a recession in the spring of next year. According to experts of the bank, the next recession in the United States will be triggered by a sharp reduction in company profits, which, in turn, will be caused by the rapid acceleration of labour costs. Yesterday was pretty successful for the British pound. The fact is that on Sunday, Boris Johnson has launched his party’s manifesto, in which he promised before December 25 to submit to the parliament an agreement on Brexit, agreed in October with the EU. According to surveys, the Conservative Party is now supported by 42% of voters, and the Labor Party - 29%. That is, with such a scenario, there is no risk of Britain leaving the EU without a deal, but the growth potential of the pound is far huge. So we continue to give preference to purchases of the pound, but until the announcement of the election results, we do not expect strong directional movements in the pound and recommend adhering to oscillatory trading, that is, buy the pound from hourly oversold zones and sell from hourly overbought zones. As for our other recommendations, today we will sell a pair of USDJPY, buy EURUSD, and also sell oil.
FOREXCOM:XAUUSDLong
by Trade24Fx
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