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  1. Home
  2. / Investing

Credit Suisse: No Support and a Long-Term Downtrend

The message from the chart is clear.
By BRUCE KAMICH
Mar 15, 2023 | 07:32 AM EDT

Credit Suisse Group ( CS) is all over the financial media landscape Wednesday morning as Saudi National Bank, a key investor, declined to provide additional funding to the troubled bank.
 
Below is a long-term line or close-only chart of the stock.
 
The message is easy: A long-term downtrend and not a recent development. No support -- real or even psychological.
 
Bearish On-Balance-Volume (OBV) line and a negatively sloped 40-week moving average line.
 
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TAGS: Investing | Technical Analysis | Asset Manager | Banking | Europe | Analyst Actions | Global Equity

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