ETFC 5 min Head n Shoulders

15 0 1
ETFC             has made a very strong topping pattern over the last yr. Lower high w/ strong 18.50-19 base. That base was violated this wk when the stock finished dropping 27% to 18.4 since the most recent highs a month ago of 24.5. It has since rebounded 13% to 20.55 then closing very weak to 20.13 on a very strong tape. ETFC             trades w/ the IWN             although not in that index, and IWM             closed under its own very strong base to a topping pattern of 108. The S&P             has also closed under its resistance after touching it as well. This market is both highly leveraged and highly illiquid. One could rationally project a back and fill, and that could be still bullish . The problem w/ etfc             is, if this head n shoulders breaks, it will break down to under its base. In a weak "back and fill" tape, this then projects to technically free fall to last real support at 12. ETFC             reports earnings Tuesday after the bell which is a wild card but w/ SCHW             , MS             , and GS             already reporting, the numbers should be handicapped which makes these patterns all the more attention worthy. In a more serious downdraft in the market, the higher the VIX             goes, the less retail stays, therefore, a correction materially effects ETFC             fundamentals as there customer base had enough w/ markets crashing the last 15yrs. STRONG SHORT!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out