Societe General Buy IdeaH4 - Triple cycle completed with bearish divergence.
We may now expect double wave correction to the downside and the price to reach the zone of 38.2% - 50% fibo retrace level. Once the double wave correction completes in this zone, we can go long with the breakout of the most recent downtrend line.
Bayer Buy IdeaW1 - Double wave down, Price moving higher after reaching critical zone. Bullish divergence formed.
D1 - Special cycle completed, we may expect the price to reach 50% retrace.
H4 - False break on the bottom and also a false break on the top with convergence. Possible push to upside or at least in a corrective range.
As long as the low at 102.11 holds, we can look for buys until price reaches 38.2% and 50% of daily special cycle.
H1 - If we get a break above 104.84 and creates higher highs, we can then start looking for buys.
EmakQualche settimana fa EMAK ha rotto al ribasso sotto 1,5€.
Questo scivolone, però, si è rivelato un FALSO break down.
La seguente ripresa sopra 1,5€ la interpreto come un nuovo
segnale rialzista.
Adesso sto sfruttando il PULL BACK in corso nelle ultime tre
sedute: poco fa ho aperto una posizione a 1,62€ per un
trading di breve periodo.
DANIELI & C OFFICINE MECCANICHE S.P.A. (DAN) Still BullishAs mentioned in the previous chart of DAN before, the share price was about to hike to €23.50. We have not reached that price yet, however it seems the share price is in a hurry to see that price. No LONG trading strategies are advised at this point as ratio risk-reward is negative. Besides, Danieli is value at €32.5 from a value point of view.
ISP correctingIntesa Sanpaolo Bank is, in my opinion, in a correction mode finding a support level at 2.70. Such a price was the one tested during last June "gap up" after the Italian Bank incorporated two smaller regional banks. Altough some analysts (www.thecerbatgem.com) forecasted a 3.20 target price, that level is quite difficult to reach in the short term. Much will depend on the updated business plan that will probably be disclosed together with 2017 consolidated financial results.
Italian Bank problems?ECB President Mario Draghi and other EU authorities are telling Italian banks to sell their bad debts,
since it’s choking their balance sheets to give new loans to new business, and support economic growth.
The central bank insists it can solve the problem on its own.
But let’s put a bit of meat on the issue: A problem of 379 Billion Dollar is not going to disappear without a bit of stimulus spending.