Is now the right time to buy European banks?
Banks in Europe saw their stocks fall sharply on Monday as investors digested the U.K.’s historic vote last week. U.S. listed shares of Barclays (BCS) plunged nearly 21 percent, while shares of Royal Bank of Scotland (RBS) and Deutsche Band (DB) fell 15 percent and 5.7 percent respectively.
Despite that banking stocks have tumbled, some market experts believe that the selling is overdone and now is a screaming good time to buy UK and Euro banks. Could now really be the best time to pick up cheap stocks in the European banking sector? Here are some Euro bank stock charts with AbleTrend signals. AbleTrend signals have been shorting since March 2015 and with resistance levels (small red dots above the bars) as reference points for setting the stops for short positions.
AbleTrend helps you to manage the trading risks
You may set stop at the second higher row of red resistance levels as indicated by red dots above the bars for your short positions. You may tailor your stop sizes according to your risk tolerance.
You can trust AbleTrend signals
Once AbleTrend signals are generated and the bar is closed the signals will never, ever change in the future. Therefore all the signals generated in these historical charts were the exact same signals that were generated at that time. This is important for all traders and investors seeking for real practical trade signals with integrity.
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With Warm Regards,
Grace Wang
AbleSys Corp.
gracezh@ablesys.com