A slow conservative approach to technical growth
.20 - .25 = x4 / 2021
If we don't continue with a rising wedge we will have a triple bottom and a very fast impulse up. 3 years of consolidation and build up just means more power over time.
Anything is possible when 2023 comes.
Especially if we are above .25 in 2021
.05 price today @ 100,000 ADA = 5K USD
5K...
Westpac getting close to a critical level and if we go below the yellow line,
we could assume that was a dead cat bounce and Westpac is heading back sub $24.
new markets new customers when the rich becomes richer and the rise of middle class require more banking needs
Goldman shall dominate this space in the next decade.
That liquidity from the FED and make America great again shall benefit strong hands
Price action wise it's a Parabolic to fresh highs
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LOADED for the long run
warren may just mark this up to $300...
Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change...
Buy Lloyds Banking Group (LLOY.L)
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment.
Market Cap: £40Billion
Lloyds gapped higher this morning and...
Europe's largest lender HSBC says pre-tax profits dropped 18% year over year and abandoned a profitability target as Hong Kong's protests and the U.S.-China trade war took their toll
Technicals are not looking good too.
55.76 - 55.15 range is the next price target.
BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is on identical levels with the last time a similar break out took...
Sell RBS (RBS.L)
The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands,...
Wait for daily close above the yellow neckline, or a retest of the top of said neckline. Would prefer higher volume on the breakout, but there does seem to be volume correlation around the left shoulder and head.
If the breakout holds, immediate target would be ~$72
Use the low of 0.50381626 ; use the high of 29 & project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
Taking a 1:1 measurement of the farthest divergence from the descending trendline applied to the point of breakout gives a potential price target of around $268.
FSR is at quite a significant support level and as things stand, it could bounce off the support level and continue upwards or break through and head downwards. Either way, we should still wait for a confirmation candle before jumping in.
Technical Analysis and Outlook
The S&P500 index closed higher and by doing so, obsoleted the relatively weak Key Res 3016 . The higher-range closure sets the stage for a steady to higher advancement towards the Inner Index Rally 3040 , and ultimately to the Outer Index Rally 3125 (The sixth phase). Currently, there are no significant resistance levels: the...
Following the 425 bps rate cut by the CBRT, the whole banking sector react positively, VAKBN, in particular over extended compared to its sector peers.
Trading roughly around 5.09 TRL in the afternoon session, the equity leads banking in performance intraday. The equity could trace back to support at 4.83 TRL.
Summing up, the conviction is orientated around...
I've liquidated my long position in Regions Financial after this morning's downward channel breach. RF is still in its horizontal channel, so in the medium term this stock is looking neutral. In the short term, it may head to channel bottom.
