SWISSQUOTE N to keep but to buy moreSWISSQUOTE N in showing huge bullish momentum not only to keep but to buy more
1SQ trade ideas
SWISSQUOTE A GOLD MINE?Swissquote is designing a very typical bullish pattern. I Play this pattern normally over very shorter periods and it works fine.
2003-2007 there was a very rapid increase in the value of swissquote. Even if I don't trade with swissquote, I know that they have a good product and my superficial Impression is that of a dynamic society with expansion potential. So I'm interested in it.
If it break the blue bar, let it go.
The red bar is the level to confirm.
On the red bar we should assist to a bullish Impulse. It should follow a bear trap and then a strong break out.
Let see what happens in the next months.
BIO
Long bitcoin & stock market -> Long Swissquote $SQNSIX:SQN announced on the 14th of July 2017 a partnership with Bitstamp to trade BITSTAMP:BTCUSD on their platform.( press release ) At this time the price was at the limit to break the long downtrend from the all time high from the financial crisis of 2008. It's was the first online bank in Europe to offer bitcoin investing. Much more the first online bank regulated by the Swiss Financial Market Supervisory Authority (FINMA) and listed on a major stock exchange (SIX:SQN).
For those they do not know Swissquote, they offers different online services like Trading, Forex and Robo-Advisory. In addition to a low-cost service for private clients, Swissquote also offers specialized services for independent asset managers and corporate clients. At the end of 2017, they had 309,286 accounts compared to the 3 million and more of Bitstamp. They are presented in Europe and Asia with offices in Switzerland, London, Malta, Dubai and Hong Kong.
For 2017 (July to December), the volume of Crypto ( BITSTAMP:BCHUSD , BITSTAMP:XRPUSD , BITSTAMP:ETHUSD , BITSTAMP:LTCUSD ) traded on the platform was CHF 0.9 billion and the revenue was at CHF 5.6 million.
As the year of 2018, the year of regulation on the crypto sphere. As we could see with Coinbase or Circle buying companies and applying for licenses. Swissquote is well positioned and fully regulated to take up their share on the crypto market. Private and institutional investors can be attracted by a fully regulated swiss actor. On volume and number of customers in the crypto market, they have space to increase their marketshare in Europe and even in Asia. Even on their traditional business with a bull market, they can performed well. Look at one of the biggest broker in America Charles Schwab ( NYSE:SCHW who has less customers than Coinbase.
Definitely LONG
31.07.2018 -> Results for the first half of 2018
What do you think about the trend ? Please, share in comments
( Annual report 17 )
