Bank Of Cyprus Holdings ... Share Discussion Threads

[darky1974] 20/8/2018 14:10

By the book, if we are at the 4rth wave the fifth in shall go up until 2,70!

[ny boy] 24/7/2018 16:12

Surprised no one else has clocked this one yet!

[ny boy] 20/7/2018 11:44

I’ve been accumulating, could be one of the best euro bank recovery plays around, Cyprus is booming again, lending is up, plenty of overseas money pouring in.

Dyor as usual

[catsick] 14/7/2018 01:29

Interesting to read that Wilbur ross was very late in disposing of the shareholdings he was forced to sell after joining trumps cabinet, he once geld 18pct of bank of cyprus and sounds like he only recently managed to fully divest, seems to me the huge puke from 3 to 1.5 could well have been driven by his selling, now he is confirmed as been fully done should be a bullish signal !

[catsick] 12/7/2018 08:26

I think this sale of the uk biz makes a lot of sense, frees up a bunch of capital, 70bps of extra cet1 which means its looking very good for no more capital raises at all, including expensive bonds.... also good to see it go through above book value and leave 40c guidance unchanged , excellent!

[ny boy] 01/7/2018 07:00

Be useful if the starter of the thread could insert some charts in the header? TIA

[catsick] 29/6/2018 17:55

Looks to me like someone is building a big stake here, I suspect also that the probability of a further capital raise being needed has receded as the 40c a year of earnings will probably do the job !

[catsick] 29/6/2018 16:06

Yes looking very nice indeed, very happy to have doubled up at 1.66 ....

[darky1974] 28/6/2018 14:02

cup & handle pattern confirmed

[darky1974] 20/6/2018 10:26

..according to theory, now its the time to go up in case of a cup & handle pattern./

[darky1974] 18/6/2018 15:09

1,82...
and last barrier...1.786..in case of a break...then right shoulder is becoming reality.

[panagos] 18/6/2018 14:30

ok, thanks.

I personally see it breaking to the downside but could be wrong.

[darky1974] 18/6/2018 14:23

But,..as you may see,..volumes are low and draining. More possible move is cup and handle..now handle.. except,...we see breaking tipping points and lows and increasing volumes.

[darky1974] 18/6/2018 14:18

no..sorry,
Head 1,98-2.01
left shoulder already formated from 1.86-1.68
Right shoulder is about to be seen,..IF...
NECKLINE in that case is 1.66.
If thats the scenario then 1.20-25 is really visible.

[darky1974] 15/6/2018 12:51

If it goes down to prices between 1,61-66 then it ll probably create a reverse head and shoulders pattern, targetting 1,20-1,25.

[darky1974] 15/6/2018 11:16

gap 1.68-1.78 sooner or later should be filled.

[panagos] 14/6/2018 16:47

Gap down to 1.60 soon to be filled.

[darky1974] 04/6/2018 16:47

cap and handle..??
reverse head & shoulders..?
or ..surprise??

[darky1974] 04/6/2018 16:08

...no more strength for buying...now its time for the price to stall..

[darky1974] 04/6/2018 08:59

Technically the stock is overbought..as for RSI14, rsi Stochastick and WilliamsR...the stock has to hold 1.878 and last 1.852...i dont like the upwards beggining..i would prefer the opposite..still is a bulltrap...2.05 is the level that if breaks will lead instantly to 2.115..i would prefer to see prices between 1.938-2

[catsick] 04/6/2018 08:37

Interesting piece in the weekend ft about the strong recovery as of late in the limasol market, the visa scheme seems to be pulling in a good number of buyers and the uk seems to be telling wealthy Russians to get lost ... wont take much more of a recovery to remove the need for more capital raises, earning 10c a quarter is organically building capital at a healthy clip and higher real estate prices will push bad debt coverage levels even higher

[darky1974] 01/6/2018 07:11

1.878 is the PRICE that has to HOLD and for UPRWARDS if it breaks 2.029 then technically will meet soon the 90 sma. and 2,11.
My guess is that WILL consolidate between 2.02 and 1.88 for 4-6 trading days before it really show us direction. Be honest days before it stock showed signs that price was going upwards. Trade was starting with lower prices and by the day losses were erased and was kind of steady with small % gains. Now,..if we see the opposite will be for down.
Possible daily range 1.938-2.
50 sma is at 1.878 and descending
90 sma 2.091
30 sma 1.7793

[darky1974] 31/5/2018 08:59

..probably will stay to prices between 1.95-2.02 for the next 5-6 trading days before a break out.
so long..