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RizeSenpai
Feb 14, 2024 4:14 PM

New York Community Bank: Bullish Hammer Test Long

New York Community Bancorp, Inc.NYSE

Description

NYCB printed a Bullish Hammer followed by an Inverted Hammer at the low and has Bullishly Engulfed it, I now think there is a decent chance to attempt to use those Hammers as a Support which would act as a macro bottom and perhaps fill the upside gap. I will be buying At The Money Call LEAPS at the strike of $5.00 just to see if we can get anything out of this price action.
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