1GLE trade ideas
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
Société Générale going into the wallThe bank (GLE) is clearly a prisoner of the displayed pattern and could lose 2/3 of its market capitalization from now...
The next big support are the green lines on the chart which bring the share price in the EUR 5-10 price range (for a current dividend per share of EUR 2). A consolidation in the banking sector seems unavoidable. The question is who will buy the European banks first -> Americans or Chinese? ;)
My advice - follow the price reaction from the extreme points of the pattern. Good luck!
GLOBAL FINANCIAL ENGINEERING SWING TRADING STRATEGY FOR Societe Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we will execute a bullish trade on Societe Generale SA using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily Time Bars (GDTB).
This is an above risk trade since we are now trading against the Primary and Secondary Trend
Global Entry Signal For Trade #1: Buy @ $23.05
Global Trailing Stop Loss Trade #1: @ $20.69
Global Target Profit Trade #1 : @ $42.00
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
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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
Societe Generale (France): Big Short setupA = resistance
B = flush-high / false breakout / whatever you want to call it
C = formation of resistance @A
The outlook has been bleak for some time. Pressure is mounting further with the development of a large H&S reversal pattern on the weekly chart. This pattern will be completed below the neck line at ~42.00. This pattern, in combination with the weak Banking sector and earlier 'flush-high', make SocGen a prime short-entry candidate on all time frames.
The first target comes in at 38.80. Below that the H&S pattern has a projection of roughly 33.30. On the upside, maintain stops above (max) 45.90.
Primary trend: negative
Outlook: negative, new primary down trend
Strategy: hold-short and/or short-entry
Support: 42.00 / 38.80* / 33.30*
Resistance: 45.90 / 52.20+
Outlook cancelled/neutralized above 45.90
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.
Big Volumes on D1 and price changes only slightlyOn Daily timeframe we can see very high Volumes, while price change was very, very small. As no professional player is going to buy stocks when they already are high, it should be short position gathering, so I would expect next week these stocks to fall down to the bottom.
