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goodguy
Jan 27, 2018 3:16 PM

Reginional Banks: One to consider and watch 

iShares U.S. Regional Banks ETFArca

Description

Chart looks promising to me . Nice Positive reversal in the weekly RSI (dashed line). But the daily chart looks overbought and right at resistance points with a potential bearish divergence in the RSI. So would not be surprised to see a small pullback here which would improve the risk benefit ratio. Process your way.
Comments
jangseohee

once break the major long term resistance, generally it is up
goodguy
@jangseohee, Thanks. Appreciate the advice and feedback. Will therefore likely take a 1/2 position and add if get small pullback. Best to ya!
jangseohee
@goodguy, Fundamentally , technically and sentiment all good for banks, unless price structure changes ^_^
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