NYCB could bounce back from the inflation report LONG

AwesomeAvani Updated   
BATS:NYCB   New York Community Bancorp, Inc.
NYCB on the 30 minute chart had an abrupt reaction to the inflation report. This is not a

surprise. Many traders and investors know that banks make more money when the prime rate

is lower because they do not need to pay much on savings accounts and deposit certificates.

NYCB has been challenged and is more volatile than the average bank stock being a penny

stock with hard fundamental issues. NYCB has reversed and the relative volume indicator

shows the flip. Price has climbed back into the lower part of the high volume area of the

profile which shows some bullish momentum.

I see this as a risky long trade but still take it for the quick 6-7% upside back to the POC line of

the volume profile. The stop loss will be the low pivot of the prior trading session.
Chart with price volume candles showing instant prive volume trend along with
two trend indicators also showing a candlestick reversal pattern.

Trade active:
Stop loss raised to above break-even due move 3% higher. This is now a risk free trade.

Price moved up 1.3% today. Looking for more and patient.

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