Top line slopes down and the bottom line is almost flat. There is also an M pattern that may be a Bat. This has gone slightly below the .886 but this pattern can also reach the 1.113. The support of the triangle (bottom line) has contained it fairly well so far. Price is slightly above the .236 of the trend up in spit of a significant pull back.
No recommendation/Neutral pattern until broken. Earnings estimated to be 4/26/Most focus on T1 then if T1 is passed the focus becomes T2 etc.
EPS (FWD) 28.12 PE (FWD) 17.58 Div Rate (FWD) $3.54 Yield (FWD) 0.72% Short Interest 1.62% Market Cap
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if support breaks I would looks to the 1.113 and play it by ear.
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We never lost control (o The man who stole the world??? Stop dragging my heart around )o"
@mjstach1, Very much so )o: I am new to bear markets and am still learning but it does Not look like an easy road to follow during thunderstorms )o: I am sitting on the sidelines with a huge umbrella most of the time lately! LOL
mjstach1
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@lauralea, Me too...markets are scary right now...I'd love to jump in and buy PNC!! I've never traded like a bear...but I'm going to...maybe we should stick a toe in the water and test buying puts/calls...or even a spread???
lauralea
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@mjstach1, I did well shorting MS. I try to go with the trend. I am giving PNC a bit more time if I were go long but I like the stock. I have not delved in to puts and calls yet. I would like to learn tho (o; Keep me updated or message me on the side bar so i see it faster than under charts.. For some reason I think it is a little late to short PNC. JPM or GS looks a bit better to me.