After a difficult few months to say the least it looks as though BSBR may be on the road to recovery? Is long term growth back on track? Jul-25-18 Santander Brasil CEO says the bank will keep up growth pace Reuters +6.98% Santander Brasil CEO says bank to open 50 branches through year-end Reuters Banco Santander: 2Q Earnings Snapshot Associated Press
This one looks very interesting but I would probably hold off a little bit because the share price does seem to have got ahead of itself. A fall back to the nine dollar or even $8.50 level would indicate a strong buy with the share price currently just under a major resistance level.
As long as the shares dont fall through $8.50 this could be an interesting time to start picking some up. We have seen a decent correction after the recent rise - could be an interesting play if the company is still on its new growth path?
Looks like the trend has/is changing - a slip through the vital $8.50 support line does not bode well for the short term. Where might the next stop be?
