Hey guys, currently we have MIL:ISP with the following technical analysis which would indicate a higher probability of another bearish impulse.
1. Nice clear bearish impulse on larger degree
2. Corrective ABC pattern within range of 61.8 % retracement
3. Bearish impulse on lower degree breaking out of larger degree trend line
4. Healthy bearish correction on...
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
BUY
ENTRY: 2.34 EUR
TARGET: 2.65 EUR (+13%)
STOP: 2.19 EUR
1.) Intesa Sanpaolo is moving in a strong upward trend.
2.) Third rejection on the lower trend line indicates an entry and a trend continuation.
3.) Intesa Sanpaolo surprises with a jump in profit in the last quarter.
4.) Intesa Sanpaolo has a huge capital base
5.) After the dividend pause during the...
Hi guys, this is my POV on Intesa Sanpaolo, Italian bank that is rushing for the positive sentiment that is driving Italian markets these days, ISP is now breaking resistance so I will expect new highs.
I think a 20 % surge is very likely to happen in the next months, remember to set the stop loss.
DYOR and have a nice day
Hi traders :) I'm Guario, and here are some thoughts regarding ISP possible future price action. Although I prefer analyse forex, cryptocurrency or commodity markets, I've decided to bring this analysis to you traders because this title is giving pretty interesting signal. Infact ISP has just reached the volumetric level of 2.3425 along whit a very visible...
Basing on the hypothesis of "Sell in May" we have a 66.66% of accuracy
(8 red months, 4 green months, so 8win/12trades).
It should be a nice start for a study on statistical cycles patterns, seasonality and other things....
All thanks to Enrico!!
The selloff is affecting Italian banks is not over yet.
The stock entered a bearish channel and is headed to 1.8-1.9
Of course the price is heavily drugged by political risk and next Italian government's steps might change the trend abruptly.
***As usual not a trading advice, merely my idea for informational and educational purposes only***
ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution.
What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it.
Before I continue I'd Like to state two Axioms I take with me anytime I chart
1) A body in motion stays in motion unless an external force acts on...
Intesa Sanpaolo Bank is, in my opinion, in a correction mode finding a support level at 2.70. Such a price was the one tested during last June "gap up" after the Italian Bank incorporated two smaller regional banks. Altough some analysts (www.thecerbatgem.com) forecasted a 3.20 target price, that level is quite difficult to reach in the short term. Much will...
