SteveEnnom

SteveEnnom

Growth potential for Credit Suisse, that is currently trading at the lowest ever reached. CS quite likely hit bottom and is slowly crawling out of the hole. Mismanagement hit the company in the recent years and the recent (few days ago) reshuffle at the top of its Investment Banking division is yet another step for the company to seek a way out of the current...

SteveEnnom

Overall I'm probably bullish on Stellantis given the current trend. The 15€ level is particularly important since it has already been touched in mid August and acted as a strong resistance rejecting the steep bull-run fueled also by the Q2 results that outperformed analysts' expectations. If that level is broken with decent volumes there might be some...

SteveEnnom

I think BTC is going to take a bearish turn headed towards the main support. Overall the trend keeps being bullish but the market really needs a reset. RSI shows an overbought figure and a H&S pattern is forming on the top, meaning a diversion from the current motion is coming. I can see three main target prices in the fall that might work as a mid term support....

SteveEnnom

All Euro area is being swept by the second wave of coronavirus. Czech republic is no different. Cases topped 114,005 and the daily new infections are going parabolic. That would mean they will need to enforce some sort of lockdown strategy that will, in turn, affect their economy. Technically speaking I see a bearish channel in which the pair is currently...

SteveEnnom

The pharmaceutical sector is one of the most interesting ones in such a troubled period. I see some growth potential for $ACAD in the short term. It is showing a positive trend that is already consolidated and heading for a possible TP of around 44-45$ I see this level as an important resistance since it has been tested repeatedly in the past. ***As usual, not...

SteveEnnom

I'm generally bullish on $BA for a number of rasons. Recent updates on the 737MAX downed in Iran seems to identify the cause on exogenous variables (a missile). The company is nonetheless improving 737Max pilots' training and, technically speaking, the chart shows higher lows, meaning the trend line is positive. ***As usual, not a trading advice, merely my view...

SteveEnnom Updated 

$BTCUSD is pulling off once the 13000 proved to be a strong resistance to break. If the cross keeps the current level (around 11300/11400) it could bounce back up. If, otherwise, the level is broken, we are definitely going down. ***As usual, my idea for information and educational purposes only. NOT a trading advice***

SteveEnnom Updated 

A probable reverse head and shoulders' pattern is developing in the 4h chart. The pattern is almost over with the neckline being tested as I'm publishing this. Could be an interesting bull trend continuation if the pattern is verified. ***As usual not a trading advice of any sort, merely my idea for information and educational purposes only***

SteveEnnom

The stock is still in bear territory with the main down trend continuation from my last observation. The stock price didn't violate the 50 days EMA either so it is quite probably still headed down. Fundamentals of this company are well known and the management's departure list gets bigger and bigger every day. ***As usual, not a trading advice of any sort....

SteveEnnom Updated 

You might be a Bitcoin believer or not but you can't deny the fact that these days $BTC bull run was mostly (if not completely) manipulated. Let's face it. Interest on bitcoin (especially within the media) was gone. New fuel (new "investors" joining) were less and less. Overall prices were going down slowly with huge amounts of long "bets" posted at irrational...

SteveEnnom

Earning period coming up. Look out for possible bounces (bull wedge plus accumulation phase). 250$ is still a strong floor for this stock. It got rejected multiple times.

SteveEnnom

Just kidding obviously

SteveEnnom

Bullish channel on FTSE MIB on the daily chart. 20226 could play resistance. ***As usual, not a trading advice of any sort. Informational and educational purposes only***

SteveEnnom Updated 

Bitcoin seems to have taken a bit of a hit. I still think it's overpriced (you know what's my take on BTC) and next level to watch carefully could be around 3400$. Anyway it's fun to see how if you bought Bitcoins last year around this time during the Thanksgiving hype where almost everyone in every family was talking about BTC and was investing something, and...

SteveEnnom Updated 

Still bearish on this. Watch out for the neckline level of the H&S that is forming on the daily chart. That could be quite a support level ***As usual not a trading advice of any sort, merely my idea for informational and educational purposes only***

SteveEnnom

Probably going to lay around 1.1320 again. Geopolitical instability is quite remarkable lately. Headed down ***As usual, not a trading advice. Merely my idea for informational and educational purposes only***

SteveEnnom Updated 

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***

SteveEnnom

It's quite interesting to point out that the selloff of these days seems somehow similar to the February 2018's selloff. The magnitude of the drop is slightly different but, after such a drop, the main trend didn't broke. 50EMA keeps staying above the 200EMA. October selloff, to me, seems similar. The bounce back is more or less of the same magnitude of the one...