Trading Idea - #Intesa #Sanpaolo

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BUY

ENTRY: 2.34 EUR
TARGET: 2.65 EUR (+13%)
STOP: 2.19 EUR

1.) Intesa Sanpaolo is moving in a strong upward trend.
2.) Third rejection on the lower trend line indicates an entry and a trend continuation.
3.) Intesa Sanpaolo surprises with a jump in profit in the last quarter.
4.) Intesa Sanpaolo has a huge capital base
5.) After the dividend pause during the Corona crisis, dividends are to be paid out again in autumn. That is how long the upward trend could continue.
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