TCBI looks primed for a strong rebound as financials have a strong year with rising rates.
TCBI is a regional bank trading at a 1.22 P/B ratio. This indicates there is significant value here. Texas is fast becoming the new place to be for booming businesses such as space exploration and crypto.
Inverse Head and shoulders on the weekly along with a golden cross. Waiting for confirmation of this trend, but looks promising.
Thanks for posting TCBI. Great Sector and looks like easy 6% to 8% upside before more resistance. On my watch list.
EBITDAtiger
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@jaxdog, np! I'd agree but also concur that there's probably more juice in this trade than that. Beautiful chart btw, what are those two middle indicators? it appears one has something to do with volume but the red and green banded one looks intriguing.
jaxdog
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@EBITDAtiger, Yes, I think there is more in the tank too. Just where I'd expect resistance. The middle indicator is US Market Net New High / Lows (in indicators type in Net New Highs and it will come up, can also use any US index) when green new highs dominate when red, you guessed it. Lower indicator TTM Squeeze and Momentum.