SNB NShort
SNB - a new move down is ready to start
Updated
The Swiss National Bank is presenting a very interesting chart.
After a long period of 5 Waves up, it has entered into a correction phase.
We had the first move down (a) we most probably saw the reaction (b) and a new move down (maybe a sharp one) will follow (c).
This for me is a nice Short candidate.
Note: Maybe some investors do not know it, but SNB has a portfolio of stocks.
As of June 30 2018, the portfolio was as follows (just click the link)
nasdaq.com/quotes/institutional-portfolio/swiss-national-bank-913041
After a long period of 5 Waves up, it has entered into a correction phase.
We had the first move down (a) we most probably saw the reaction (b) and a new move down (maybe a sharp one) will follow (c).
This for me is a nice Short candidate.
Note: Maybe some investors do not know it, but SNB has a portfolio of stocks.
As of June 30 2018, the portfolio was as follows (just click the link)
nasdaq.com/quotes/institutional-portfolio/swiss-national-bank-913041
Note
Nothing has changed. We are still in b which could extend a little bit more, or not.
Below 6000 we have the first SELL signal
Note
This stock is ready to move on, and my analysis continues to be a bearish one.
Winstox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.