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Santiago B.'s  Instablog

Santiago B.
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My name is Santiago Benito. I'm an independent investor currently residing in Spain. I have a university degree with a focus on Information Systems and Software Engineering from the University of Castilla-La Mancha. I have about 10 years of stock market experience, mainly investing, trading,... More
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  • The Spanish Risk And Bankia Shares.

    The triumph of Angela Merkel in German elections this Sunday gives wings to the financial policy for being continued. The reforms that Spain started to implement at the beginning of the financial crisis with the pressure of the German government are showing us now how the differential rates that Spain government needs in his financing are decreasing. Parallel nationalized banking it's having a good behavior, example of this are Bankia shares. The risk of problems in this bank tends to be minimal because of the restructuring of his balance sheet with the buying of SAREB, the Spanish official society for the management of real estate assets from bank restructuring, (the "bad" bank in colloquial terms),

    In graphs below you can observe both elements (Country risk VS Bankia shares):

    (click to enlarge)

    From a technical view, indicators in daily chart show how the price has potential to increase while the country risk continue going down.

    RSI: is positive and doesn't show overselling. There is too many route.

    MACD: bulls are not dominants, but neither the bears: positive! (in weekly is better)

    TRIX: Positive and continue

    KDJ: It is neutral, so with good news, that's fine

    In the weekly chart we continue far from the upper limit of the Bollinger bands, and technical indicators promise us a continuity in trends.

    I bet when market assimilates news, the price continue increasing.

    Disclosure: I am long OTCPK:BNKXF.

    Sep 23 9:56 AM | Link | 2 Comments
  • OREX Is Waking Up

    From a dark place of my volunteer ostracism (after the big crunch of CLSN), I can see OREX breaking a triangle in the weekly graph. Last year, in July, OREX climbed to 2012 maximums, and perhaps now it is doing the same. I hope we're seeing a new beginning. After all, this is the only of the three big fat-burners that doesn't obtain the OK from FDA.

    (click to enlarge)

    Have a good weekend!

    Disclosure: I am long OREX.

    Tags: OREX
    Jul 26 9:47 AM | Link | Comment!
  • OREX Is In The Way

    Last week, we saw the confirmation of the new wave that Orex is starting. Our goal is the horizontal red line and we want to break this line in a rotundity way. All technicals are showing the path: RSI, MACD, KDJ,..., the goal is $6.6x

    In the image below you can see the graph and the indicators:

    (click to enlarge)

    It is very possible, this summer we'll swim in 7's area.

    Disclosure: I am long OREX.

    Tags: OREX
    Mar 31 11:15 AM | Link | Comment!
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