Immediate targets 44, 42, 40. Invalidation at 54.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
XLF
Analysis done on daily candles. The financial sector has been one of the more resilient sectors on the stock market in 2022, with most stocks managing to hold their key levels and not declining as severely as major markets. When analyzing bank stock performances, we see that they have lagged way behind many other industries since the Covid crash in recovery,...
Maker DAO bounced back on support and seems to be heading toward 50MA retest, let's give it a try.
Current Price= 1850.9
Buy Entry= 1822.4 - 1733.4
Take Profit= 1994.5 | 2199.6 | 2494.3
Stop Loss= 1596.7
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.95
Expected Profit= +24.36% | +47.44% | +80.58%
Possible Loss= -20.38%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin...
The short-term Elliott wave view in Bank of America (BAC) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from 42.59 low to end wave 1 at 46.75. A pullback in wave 2 ended at 44.45 low. BAC then resumes higher in wave 3 with internal subdivision as another impulse in a...
-Will be watching $48.57 Resistance will go calls if we break and puts if we continue to reject
-Banks will be interesting as CPI data comes out
-Will also be watching JPM & GS
-Ready to play both sides
Short term outlook.
Bearish outlook for gains at 46, then 45.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
bac 45 c for potential rate hikes during fed this week. target 48-49 short term. lose the lower end of wedge and this could tumble pretty hard
no raise hike wont hurt the trade imo markets will rally and this will continue to move on earnings beat + XMF
It seems Banks will correct in the coming days..!
Considering their weight it will affect the S&P 500 and Dow!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m...
Smart money sell-off before earnings!
Looking at charts and the option data I'm convinced a c10% correction is imminent!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer....
Under Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. The bank has transformed from one institution whose viability was in question to a better institution with exceptional asset quality, a priority on effectiveness, and industry-leading technology. And investors who...
it seems Banks stocks have finished their correction and started a new rally!
Keep them in your portfolio during high inflation times!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial...
Wedge apex is coming to a close soon on BAC, time frame seems to be putting the break around tuesday open but any whale could pull it through Monday, keep an eye on this as these contracts move HARD
This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great.
That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs...
BAC could still be in the current retracement of the previous low. I see some bearish candles under the 200 ema (purple). Although the previous high, has been broken, I see a lower high and a new low on the 1 hour timeframe. BAC could be falling to a nice buy zone in the future. Let's see what happens!
Please review the analysis published on November 4th, 2021:
Title: Negative days ahead for banks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an...
