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AwesomeAvani
Feb 12, 2024 7:56 AM

NYCB Community Bank falls to support and rises LONG Long

New York Community Bancorp, Inc.NYSE

Description

On the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the range of 7
or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a
8% or ATR x 2 stop loss yielding a Reward to risk of about 7.

Trade active

Sideways today- too much ( way to much) action elsewhere for traders to pay attention today. KRE call options doing well BANK an index of the NASDAQ tracks
the banking sector

Trade closed: stop reached

Trade active

NYCB is getting some trader attention so the trade is now reentered

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