Yesterday morning, my indicators informed me that a very good trade was coming - buying shares of the Commercial Bank of Portugal. These indicators are framed in blue at the bottom of the chart. I placed a limit order to buy shares at a price of 0.2751. The market price at that moment was exactly the same. But I was unlucky. Due to a delay in data on my chart, the...
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Looking at RSI, MACD and the 5 year price, it looks very interisting for a long position for a short/medium term trade. 0.25, 0.26€ price target seems realistic.
With all that is going on with more quantative easing, economy slow down, loads of titanic debt increasing and all the geopolitics that are going on, i really have a hard time going long...
BCP on long term investment, looks like it is going up now, a bit slowly but good investment and good return anyway, cheap stock for a good return it can give more than 1000% in 3 or 4 years i bealive.
We are starting a uptrend and we had a range expansion. The range expansion was small, as such I will invest a small percentage.
We reach the 0.5 retracement, which indicates a good entry level.
Banco Commercial Portugues has a very clean "cup and handle pattern" over 420 days. The figure is supported by enormous exchange volumes. THis stock has all the characteristics of a rocket trade with more than 300% return possible. The only negative point is that the breakout event is not very market.
