Societe' Generale - SHORT till 28/29 euro
Hi 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
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
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