BBVA is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL at last swing high with target of $7 also could be a bigger move as in a channel on larger timeframe so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
The PEAD projected a bullish outlook for $BBVA after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.5%.
Bearish Cypher in BBVA
Also I expect deterioration in emerging markets + non performing loans will increase in its balance sheet.
Sell and short.
Potential short to 4,70 then sub 3,80 for eoy.
The PEAD projected a Bearish outlook for $BBVA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking and asset management services. It offers current accounts; and demand, savings, overnight, time, term and subordinated deposits.
Revenue TTM 21B
Net Income TTM 5.6B
Net Margin TTM 26.2%
P/E 7.76
P/S 2.13
P/B 0.74
The PEAD projected a Neutral outlook for $BBVA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
The technical figure Triangle can be found in Spanish company Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.mc) at daily chart. Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is...
BBVA is a Spanish bank that provides retail banking, wholesale banking, asset management, and private banking services. It offers banking services in Spain, Mexico, South America, the US, Turkey, Asia-Pacific, and Europe.
This morning, Oct 5, BBVA opened with a substantial opening gap clearing two areas of S/R. Since Nov of 2020, BBVA has been in a solid upward...
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Riding in a rising channel, it is already rejecting the bullish movement.
I expect prices to cripple down to the expected target.
What do you think? Do well to write it down in the comment section.
Resume
Banks are concerned about the balance of the financial sector, yet it seems to be threatened again and again by the global economic crisis.
The cause of the banking crisis is macroeconomic instability, poor supervision, bad tactics, poor management, inadequate control system, failure of operations and Cheating.
The authorities, whatever the cause,...
Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, offers retail banking, wholesale banking, asset management and private banking services. Offers current accounts; and demand, savings, night morning, time, deadline and subordinate deposits.
The bank closed in 2020:
- Revenue $17.9B
- Net Income $1.5B
- Cash $7.8B
- Dividend Yield 1.34%
-...
NOT FINANCIAL ADVICE
potential cup and handle forming on 3h. i'd wait for price action to lower to less than 4 before starting a position. (TIME FRAME: 1-2 MONTHS+) i wouldn't go too heavy as this is a bit of a speculative play. fundamentally, banks look to be in a good position right now as mortgages and credit are being paid off quite efficiently atm. for a...
Looks like BBVA has hold still surpassing 4.37 resistance level this friday closing. In the short term, on February 12 we could see BBVA reach 5€ level and drop back down to 4.37€ again due to the bearish bat pattern that could have been shaped in the background. So long term technical perspective is bearish. However, keep in mind that BBVA plans to buyback 10% of...
