Looking for a breakup descending trend line & price action aboveLooking for a breakup descending trend line and consistent price action above. If so, a Long position will be opened. Later on, the position parameteres will be updated.
CaixaBank achieves record profits in 2024By Ion Jauregui - Analyst ActivTrades
CaixaBank closed 2024 with the best result in its history, reaching a net profit of €5,787 million, 20% higher than in 2023. This growth was driven by intense commercial activity and the effect of high interest rates. The result exceeded analysts' forecasts, consolidating the bank's leadership in the sector.
Fundamental Analysis
The bank announced a new share buyback program for a maximum value of €500 million, completing its €12 billion distribution plan set out in its 2022-2024 strategy. In terms of shareholder remuneration, CaixaBank will distribute a final dividend of 0.2864 euros gross per share in April, reaching a total remuneration equivalent to 53.5% of net profit for the year. Net interest income grew by 9.8% year-on-year to 11,108 million euros, although it fell slightly in the last quarter due to the easing of the European Central Bank's (ECB) monetary policy. Income from services increased by 4.6% to 4,995 million euros, with significant growth in asset management (12.1%) and protection insurance (4.2%). CaixaBank also improved its efficiency, reducing its efficiency ratio to 38.5% and raising its return on tangible assets (RoTE) to 18.1%. Its healthy loan portfolio increased by 2.2%, with strong growth in mortgages (53%), corporate loans (24%) and consumer loans (13%). With an NPL ratio of 2.6% and a CET1 of 12.2%, the bank is in a solid position to face its new strategic plan 2025-2027.
Technical Analysis
If we look at the chart with the WACD indicator showing the VWAP in graph with BUY/SELL signals, and below the three smoothed averages (SMA/EMA/WMA) and the cumulative Delta, showing sentiment, we can see that on January 28th there was a strong trend reversal signal which has subsequently been accompanied by another signal yesterday at 11 o'clock and the movement of the averages has pierced the line. If we look at the cumulative delta a bullish move has been pronounced accompanied by several blue candlesticks signaling bullish sentiment, subsequently from the last signal this also confirmed with bullish sentiment. At the moment RSI is highly oversold at 75.11% marking this extension of the three extremely open bullish averages. The current session Caixa in its first hour has opened with a strong bearish pressure, so it could indicate that the price could correct if it does not hold at least at 5.876 euros/share. There are two other support zones where the price could relapse if it loses its current support, the zone of 5.742 euros and 5.648 euros, being the minimum of 5.570 euros. The logic of the evolution of the share after the share buyback is the revaluation so it is very likely that the company's objective is to try to pierce the 6 euros per share towards new highs. Although the share price of the first hour indicates a temporary slowdown in this evolution.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Is a U.K. turnaround looming for Santander?Banco Santander (BME: SAN) could be considering a major strategic shift: its exit from the UK market after two decades of operations, according to recent speculation. Since the acquisition of Abbey National in 2004, the UK has been a key market for the Spanish bank. However, operational challenges, low returns and legal problems could be motivating this possible decision.
Factors behind the possible withdrawal
1. Low financial returns: Santander UK has faced a significant decline in profits. In 2024, the bank's UK results posted a 45% drop, reflecting lower profitability compared to other key markets such as the U.S. and Latin America.
2. Legal and regulatory issues: Auto lending has been a constant source of litigation and stringent regulations, increasing costs and operational complexity in the country.
3. High operating costs: Maintaining a large-scale operation in the UK has proven challenging, especially in an environment of high banking competition and increasing regulatory pressures. This contrasts with the bank's strategic focus on more profitable markets with higher growth potential, such as the United States.
Santander's strategic priorities
The bank led by Ana Botín has shown a growing interest in markets such as the United States, where diversification and expansion potential offer better return prospects. This strategy is aligned with its focus on efficiency and resource optimization, moving away from operations that do not meet its long-term profitability objectives.
Technical Analysis
On the daily chart, using the ActivTrades WACD indicator, the stock is currently in a sideways range, the smoothed triple mean indicates a clear perforation of its last high zone, coinciding with the high of April and May 2024. Coinciding with the high zone of April and May 2024, the cumulative delta volumes show a bullish continuation with a gradual volume contraction. If we look at the VWAP and the SELL and BUY signals of the indicator, no signals have been given on the daily chart, but they have been given on the 1Hour chart prior to the movement that has occurred in the last three days. It can be seen that the sideways range of the stock initiated in May 2024 has been clearly perforated, so we must wait to see if the stock reaches its highs and continues its upward movement, or proceeds to correct later.
Outlook and future
Although there is no official confirmation about a possible withdrawal from the UK, this decision could mark an important milestone in Santander's global strategy. The UK market, although historically relevant, seems to have lost prominence to the opportunities offered by other regions.
The uncertainty about Santander's future in the UK raises important questions about how its international presence will be reconfigured and how this decision could affect its image and valuation in the financial markets.
Ion Jauregui –ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Introducing the WACD - ActivTrades - IonJaureguiIntroducing the WACD - ActivTrades - IonJauregui: A Powerful Tool for Market Sentiment Analysis
In the fast-paced world of trading, having the right tools to gauge market sentiment is crucial for making informed decisions. One such tool is the WACD - ActivTrades - IonJauregui - Weighted Average Cumulative Delta indicator, a unique and powerful addition to your TradingView toolkit. Designed specifically to analyze buying and selling pressure, this indicator provides valuable insights into market dynamics, trend strength, and potential reversals.
What is the WACD Indicator?
The WACD indicator tracks the difference between buying and selling volumes, with the added complexity of weighting these volumes by the closing price. By calculating the cumulative delta (net buy vs. sell volume), it offers a clear view of overall market sentiment. The indicator then applies a moving average to smooth out fluctuations, providing a clearer picture of market trends.
Cumulative Delta: Shows the overall buying or selling pressure in the market.
WACD: Smooths the weighted cumulative delta, helping to identify trends and potential reversals.
Positive values in the WACD suggest buying pressure, while negative values indicate selling pressure. This makes the WACD a valuable tool for detecting trend strength and market reversals.
Key Features of the WACD Indicator
Multiple Smoothing Methods: Traders can choose between three different smoothing methods—Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA). This flexibility allows traders to tailor the indicator to their unique strategies.
Customizable Smoothing Length: The length of the smoothing period can be adjusted to suit individual trading preferences, providing further customization for more accurate signals.
Delta Bars with Color Gradient: The WACD indicator displays the delta fluctuations with a color gradient, making it easier to interpret market dynamics. The delta bars transition from blue to red, indicating whether the delta is rising (bullish) or falling (bearish).
Enhanced Visuals: The color-coded delta bars help to visualize market pressure more clearly, with the color change reflecting the current trend. Traders can instantly see whether the market is experiencing buying or selling pressure, allowing for faster and more effective decision-making.
How Can the WACD Help Traders?
The WACD indicator provides a range of benefits for traders, especially when used in conjunction with other technical analysis tools. Here's how it can improve your trading strategy:
Trend Identification: By smoothing the cumulative delta, the WACD makes it easier to identify emerging trends and reversals, giving traders a clearer view of market direction.
Market Sentiment: The indicator’s color-coded delta bars allow traders to quickly assess market sentiment—whether it’s leaning toward buying or selling pressure. This can help traders align their positions with broader market movements.
Confirmation Tool: The WACD can be used alongside other indicators to confirm price action, providing a more robust and reliable trading strategy.
Increased Precision: With customizable settings for smoothing methods and lengths, traders can fine-tune the WACD to match their specific needs, increasing the precision of their trades.
Why Choose the WACD on TradingView?
TradingView is known for its advanced charting capabilities and user-friendly interface, and the WACD indicator integrates seamlessly with this platform. The visual enhancements, such as the color-coded delta bars and multiple smoothing options, allow traders to make better-informed decisions faster.
Whether you’re a seasoned trader or just starting out, the WACD - ActivTrades - IonJauregui - Weighted Average Cumulative Delta indicator is an invaluable tool for anyone looking to gain a deeper understanding of market sentiment and price action.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Iberdrola is breaking out of a Pennant Chart Pattern🟢 Iberdrola is breaking out of a Pennant Chart Pattern
The Spanish renewable energy company Iberdrola is forming a Pennant Chart Pattern amid a years-long bullish rally. This type of pattern is typically ideal for making quick profits as both the pattern and the overall trend indicate the same direction.
✅ What pattern is unfolding in BME:IBE ?
The Pennant is similar to a triangle or a flag, but its shape is distinct. In all cases, these are continuation patterns occurring amid a years-long bullish rally. The buy signal is clear here.
💰 How to trade this chart pattern?
Selling once the break is done is key, you need to wait until is broken and use a tight Stop Loss.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL is fine.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 7%.
✴️ ENJOY AND FOLLOW for more 😊
BBVA: Going downHere I put my support lines. If they are broken, price might go to the next lower (pink) level.
This is just for fun to hit PLAY on a future and see how wrong I was :)
Solaria and Acciona Energía: Liquidity sustains them on IBEX35The renewable energy companies Solaria (Ticker AT: SLR.ES) and Acciona Energía (Ticker AT:ANA.ES) are facing a complicated year in the stock market, with significant losses in their capitalization. Despite these falls, both are managing to remain in the Ibex 35 thanks to their outstanding liquidity, which prevents their exclusion.
The committee that defines the composition of the index will meet on December 12 and, although Solaria and Acciona do not meet the minimum capitalization criterion, the lack of candidates with sufficient trading volume and their strength in liquidity favor their permanence. Solaria, for example, has been one of the 28 most traded shares in the last six months, while Acciona Energía ranks 23rd in the liquidity ranking with a daily average of 9.2 million euros traded.
Solaria has hit lows not seen since 2020, currently being the smallest company in the index with a stock market value representing only 0.24% of the Ibex as a whole, below the 0.30% threshold. However, as in previous cases such as Meliá, its exclusion is not mandatory as long as it maintains its liquidity. Acciona Energía, meanwhile, has the lowest free float on the Ibex, as Acciona controls 88.33% of its shares. Despite this, liquidity has been its lifeline, far outperforming other less traded firms.
As for new entries, Vidrala (Ticker AT:VID.ES) could be a future candidate, although it will not be on this occasion due to a recent drop in its liquidity.
Technical Aspect
If we look at the technical aspect Solaria has been losing its maximum price since January 2021 at 31.06 Euros to the current 9.010. A -73.15% in 3 years of trading. It can be seen a quite marked Shoulder - Head - Shoulder figure. The RSI indicates high oversold at 37.57. At the moment there is a bearish crossover between the 50 and 100 averages. And the delta zone of upward pressure does not seem to be generating much effect. The control point (POC) is located around 5.150. Therefore, this fall could take place in a not very long period. On the other hand, Acciona, has been supporting its price in the 101-105 euros area and currently seems to be bouncing the price towards the last bullish area of 211 euros. Its current control point is located around 69 euros. The RSI is currently slightly oversold at $44.13, so if the company's financial situation improves, the natural evolution of the company will be to look for a test of its last resistance.
Both companies will remain under scrutiny, but their ability to adapt will be key to keep their place in the main Spanish stock market index.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
IAG: Best Year on the Stock Exchange in its HistoryInternational Airlines Group (IAG) (Ticker AT: IAG.ES), owner of airlines such as Iberia, British Airways and Vueling, has set a milestone on the Ibex 35 by positioning itself as the most bullish company on the index in 2024. With a stock market growth of more than 61% since January, IAG has recorded its best year since it began trading. This does not mean that it has reached all-time highs, but rather that it has had its best stock market performance in more than a decade.
The momentum is attributed to its strong third quarter financial results, in which it reported a net profit of €2.34 billion, up 8.8% from a year earlier. This performance was aided by high travel demand, especially on transatlantic routes, and efficient operational management.
Analyst Recommendations
Firms such as Bank of America and Barclays have upgraded their valuations for IAG. Bank of America raised its price target to 3.6 euros per share, reflecting a 29% upside potential, while Barclays increased its projection to 3.20 euros. Both highlight strong margins and solid cash generation, supported by a €350 million share buyback strategy and dividend declaration.
Bloomberg Intelligence highlights the increase in margins thanks to British Airways' operational efficiency and high demand on North American routes. However, recovery in Asia-Pacific remains slow.
Sector Leadership
IAG not only leads the Ibex 35, but also the European travel industry. According to the Stoxx 600, it is the most bullish company in the segment, with a 17-point lead over its closest competitor.
Technical Aspect
The stock is currently in a strong bullish range structure. Since the end of August it has been in an expansion cycle where the crossover of averages has marked this bullish strength. The RSI is currently highly oversold and very close to the highs of the year at 2.881, so it would not be unusual to see in the short term a correction within the channel in the direction of its average and thus close that tremendous gap generated last week. In this way, it could support its price above 2.605 euros to continue this rise. Another option could be to extend this rise to around 3-3.10 euros and make the correction indicated since the strength of the upward volume of the other day is very large and currently there is not enough volume to be considered a correction of any kind.
S1:2,544
S2:2,183
S3:1,8925
R1:2,900
R2:2,609
R3:2,134
Conclusion
The combination of robust financial results, investor confidence and effective operating strategies consolidate IAG as a benchmark in the Spanish stock market and the European airline industry. Its recovery and leadership stand out in a challenging economic environment.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
BUYS ON PUIG💡 Today we analyze Puig (PUIG)
Puig is a solid company that has begun an upward trend and, after a pullback, is approaching a key support area.
📈 Entry: €20
🚨 Stop: €19 (-5%)
🎯 First target: €22.5 (+12.5%)
🏆 Second target: €25.5 (+27.5%)
1. Financial Strength: Puig is a leader in the fashion and fragrance sector, with well-established brands like Paco Rabanne and Carolina Herrera.
2. Post-Pandemic Recovery: The company has shown strong recovery following the pandemic challenges, with solid growth in sales and margins.
3. Upward Trend: The price is in a corrective phase, approaching key support at €20, increasing the probability of a technical rebound.
4. Positive Outlook: Puig continues to invest in innovation and sustainability, positioning itself well in the market.
This analysis should not be considered investment advice.
SELLS IN TALGO💡 Talgo Analysis (TLGO)
Talgo has been in a bearish trend since 2019, and despite a brief recovery in 2022, it has fallen back below its long-term bearish trendline.
1. Weak Technicals: It has failed to break above the €4.6 resistance, indicating potential further declines.
2. Economic Environment: Global uncertainty and rising costs are weighing on the infrastructure sector.
3. Competition and Margins: Increased competition and rising operational costs are impacting its profitability.
Conclusion: Talgo does not show clear signs of short-term recovery.
This analysis is not an investment recommendation.
BUYS ON MIQUEL Y COSTASHere’s the analysis translated into English:
💡 Today we analyze Miquel y Costas (MCM)
Miquel y Costas is a company in an upward trend for several months. Currently, it is at the lower end of an upward channel that started in 2020, suggesting a potential rebound. Any purchase in this range, up to €11.30, can be attractive for the long term.
1. Upward trend: Indicates market confidence in its growth.
2. Financial solidity: Effectively amortizes its assets and equipment.
3. Strong fundamentals: Benefits from the growing demand for sustainable products.
4. Rebound opportunity: Being at the lower end of the channel presents a good opportunity.
5. Diversification: Can offer stability and growth in the portfolio.
This analysis is not an investment recommendation.
If you want us to analyze a specific stock, you can message us here 👉 @daniadb
Let me know if you need any changes!
BUYS ON ENAGAS💡 Today we analyze Enagás (ENG)
Enagás is a solid company, although it has faced pressures for its dividend policy. Currently in a downward trend, the stock could be close to a change, but it is key to wait for the price to exceed €15.5, breaking the resistance and the bearish trend.
1. Operational Solidity: Enagás is a leader in gas infrastructure management and has a stable business model.
2. Energy Expansion: With the energy transition in Europe, Enagás is well positioned in hydrogen and renewable energy projects.
3. Technical Opportunity: Exceeding €15.5 would be a confirmation signal of a possible change in trend.
4. Risks: It is important to monitor the dividend situation and external factors such as energy regulation.
This analysis is not an investment recommendation.
If you want us to analyze a specific action, you can write to us via telegram, we have the same name as here.
BUYS ON CATALANA GCO💡 Today we analyze Catalan West (GCO)
Catalana Occident is close to a key support area at 35.90 and another at 32.60, which could offer an interesting opportunity for those following its evolution.
1. Solid Financial Structure: GCO is one of the most stable insurers in Spain, with diversification that allows it to face complicated economic environments.
2. Bullish Trend: Despite a short-term correction, it maintains a long-term bullish structure, suggesting a possible rebound at levels close to support.
3. Interest Rate Environment: High rates benefit the profitability of your fixed income investments, strengthening your financial position.
4. Technical Opportunity: The price could fall to 35.90, a key support, where I would make my first purchases, and a second purchase if it falls to the 32.60 area, opening the great possibility of a technical rebound.
This analysis should not be considered an investment recommendation.
BUYS ON IAG💡 International Airlines Group (IAG)
IAG, an airline holding company that includes British Airways and Iberia, has been in a consolidated bullish channel in recent months, and has experienced a technical pullback that could offer an interesting opportunity for those seeking exposure to the airline sector.
1. Operational Strength: IAG has shown a solid recovery after the pandemic, with an increase in travel demand and a solid financial structure.
2. Macroeconomic Catalysts: The growth of tourism and the stabilization of the oil price improve its operational profitability, while the demand for international flights continues to increase.
3. Technical Opportunity: Following the recent pullback, key support levels suggest a possible entry point.
This analysis is not an investment recommendation.
BlackRock may acquire 20% stake in NaturgyFinancial giant BlackRock has received approval from the Spanish government to acquire 20% of Naturgy, consolidating its position as a reference shareholder in the energy company. This stake comes from the purchase of alternative asset manager GIP, which had held that position in the gas company's capital since 2016. The transaction marks a major change in Naturgy's shareholding structure, following the failed takeover attempt by Emirati energy company Taqa before the summer.
The Council of Ministers, under the leadership of the Ministry of Economy, has given the green light to the transaction, maintaining its policy of attracting foreign investment without compromising the country's strategic interests. Although the conditions imposed have not been specified, BlackRock is likely to face similar requirements to those set in 2020, when the Australian fund IFM acquired a 15% stake in Naturgy. These conditions include commitments in renewables, head office in Spain, and labor stability.
Naturgy’s Outlook
With the entry of BlackRock, new perspectives open up for Naturgy, both financially and strategically. BlackRock is known for its long-term approach and its ability to provide stability in the companies where it invests. This could reduce selling pressure from other funds, such as CVC, which also owns 20% of the company and has been looking to exit the capital in recent times.
On an operational level, BlackRock's entry could facilitate the implementation of new energy transition projects, as the company has a strong commitment to sustainability and renewable energy investments. Naturgy could leverage this capital injection to expand its clean energy operations, which would be aligned with government policies and global trends toward decarbonization.
In addition, BlackRock could help strengthen Naturgy's international presence, opening doors to new markets and growth opportunities, all in an environment where financial stability and debt reduction will be key to improving the company's competitiveness in the coming years.
Ion Jauregui - Analyst ActivTrades
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Banco Sabadell Rejects Hostile Takeover Bid with Record ProfitBanco Sabadell reported a record net profit of €791 million in the first half of 2024, up 40.3% year-on-year, beating analysts' expectations. The bank increased its promised dividend by 21%, committing to distribute €2.9 billion between 2024 and 2025, in response to BBVA's hostile takeover bid. Return on tangible equity (RoTE) rose to 13.1%, and the top-quality capital, CET1 fully loaded, reached 13.48%. The improvement in profits was due to growth in SME and corporate financing, mortgages, and an improved credit risk profile. The bank also announced an increase in pay-out to 60%, with the first payment of 8 cents per share in October. The board of directors rejected BBVA's takeover bid as insufficient.
Looking at the chart since February, Banco Sabadell has been climbing, with its latest price rise since June 14 to date being 16.25%. This shows that its enterprise value is very well consolidated in the market. If we compare it with BBVA, which since the publication of the hostile takeover bid in May, has shown how Sabadell sustained its price, while BBVA depreciated. Since the last period of June both firms have been climbing positions. This is closely related to the ECB's monetary policies.
Sabadell is currently giving an overbought RSI signal at 69.48% which we could keep an eye on after the issuance of dividend payments, a very frequent occurrence. If we look at the price bell, currently the POC is 1.1250, with the high being the current trading area in a rather double bell.
It would be expected with the “Hype” that has been created that Sabadell will rally a bit more to then try to establish a new higher support zone.
Ion Jauregui - ActivTrades Analyst
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Following the Trend with ENAGASHello traders! Today I would like to share with you a trade that I am about to embark on. As part of my investment approach, I have decided to risk 1% of my portfolio on an opportunity I have identified in ENAGAS, a stock that shows signs of reversal for a possible longer-term uptrend.
Approaching the Weekly Close
Just minutes before this week's close, I am planning to enter a position in ENAGAS. I am watching to buy as close as possible to the close of this weekly candlestick.
Risk Management and Stop Loss
For this trade, I am setting my stop loss at 13.095. This level was carefully chosen because it represents the first sign that the possible longer-term uptrend may not materialize. As a follower of the trend-following philosophy, my strategy is to cut losses quickly and allow profits to develop over time.
No Defined Targets: Trend-Following Philosophy
It is important to note that, following the trend-following philosophy, I have chosen not to set specific targets for this trade. The strategy is to allow the trend to develop and adjust the position as necessary, focusing on capturing the most significant price movements.
Disclaimer: Everyone's Own Analysis and Regular Updates
It's important to acknowledge that I could be wrong in my analysis and trading decisions. I encourage everyone to conduct their own analysis and exercise caution when making investment decisions. I will continue to provide updates on all movements I make in this trade, allowing for transparency and learning from both successes and failures.
FER - 4 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TEF - 1 year RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
LOG Potential Breakout Logista $LOGLOG Potential Breakout Analysis
BME:LOG is indicating a potential breakout based on technical analysis, suggesting an opportune moment to consider delving into Logista.
Why Logista?
Logista, as a leading distributor and logistics operator, plays a crucial role in various industries, including tobacco, pharmaceuticals, convenience, and technology. The company's strategic positioning and efficient supply chain management make it an attractive option for investors looking to capitalize on the logistics sector's growth potential.
Compelling Reasons to Consider Logista:
Market Dominance: Logista holds a strong market position in its core businesses, benefitting from long-standing relationships with key clients and a wide-reaching distribution network.
Resilience: The essential services provided by Logista ensure consistent demand for its logistics solutions, making it a stable investment choice even during economic uncertainties.
Innovation: Logista continues to invest in technology and automation to enhance operational efficiency and meet evolving customer needs, positioning itself for sustained growth in the logistics industry.
Exploring opportunities in Logista could offer a blend of stability and growth prospects within the logistics sector. Stay tuned to BME:LOG for further developments signaling a potential breakout to make informed investment decisions effectively.
ELE - ENDESA - BUYING OPPORTUNITYDear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 17.5$.
15- 17$ is is a good price range to look for buying opportunities.
Additionally RSI is clearly oversold and prices already went down quite aggressive.
best,
ARCELOR MITTALFirst of all, I don't like Spanish stocks at all, but hey, a client has bought stocks at the current price and I gave him the following analysis.
We would have to be consistent even though it is respecting the average, and position a lower operation to average in case the asset once again seeks the lower part of the range that we believe it would not reach. As profit taking from operation 1 or operation 1+2, it would be approximately 75-80.
