BNPQF trade ideas
$BNPQY European Financials move on Brexit optimism. BNP Long. Possible trade opportunity, but risky as latest bullish move is news related to a Brexit resolution.
Entry $26.2 Target $28.8 Stop loss $25.6
P/E ratio 7.5 (very low)
Company profile
BNP Paribas SA engages in the provision of banking and financial services. The company operates through the following business: Retail Banking and Services, and Corporate Institutional Banking. The Retail Banking and Services business includes the retail banking networks and specialized financial services in France and around the world. The Corporate Institutional Banking business is a provider of financial solutions to corporate and institutional clients. It helps all its individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients to realize their projects through solutions spanning financing, investment, savings and protection insurance. The company was founded in 1822 and is headquartered in Paris, France.
GLOBAL FINANCIAL ENGINEERING SWING TRADING STRATEGY FOR BNP PariOur Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we have started a bullish trade on BNP Paribas SA using Global Trading Strategy #3 on the Global Automated Trading System #3 which trade in the direction of the Global Daily Time Bars (GDTB).
Global Entry Signal For Trade #1: Buy @ $43.29
Global Trailing Stop Loss Trade #1: @ $39.58
Global Target Profit Trade #1 : @ $80.29
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
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BNP (Par): Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the continuation of the downtrend movement tracking trend oscillators as below:
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
