Societe Generale SA is a France- based financial services company.
It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management.
Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.
Its financial services include insurance, vehicle leasing and fleet management, and equipment and vendor finance.
Its subsidiary Lyxor Asset Management (Lyxor) offers investment products and services providing institutional clients with a selection of structured, index and alternative investment solutions.
Lyxor provides investors with investment solutions in order to diversify their allocation through the range of asset classes.
The Company offers a range of advisory services and tailored financial solutions to individual clients, large corporate and institutional investors.
It operates through Merrion Fleet.
Our 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 will execute a bullish trade on Societe Generale 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).
This is an above risk trade since we are now trading against the Primary and Secondary Trend
Global Entry Signal For Trade #1: Buy @ $23.05
Global Trailing Stop Loss Trade #1: @ $20.69
Global Target Profit Trade #1 : @ $42.00
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
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To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
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