Hey There, Welcome back.
The chart is self-explanatory as always. But below are some good-to-know pointers:
There is an interesting fun fact at the very end of this analysis
- The price is forming a beautiful rising wedge pattern
- Support and resistance are working as they should i.e interchangeably
- We are at the top line of the wedge pattern where the...
Charles Schwab $SCWH
Earnings info will follow in comments:
Company Market Cap: $97.8 billion
Share Price: $53.72
Dividend: $1.00 dps – Dividend per share ($0.25 per quarter)
Dividend yield: 1.94% (Annual dps divided by current share price, expressed as a percentage)
Why this Trade?
o Contrarian trade – news is so negative its hard to not to feel...
Hi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a...
Lendway had a big start to the week with the after-effects of the repurchase
program driving stock price higher. On the 15-minute chart- the abrupt change
in momentum from a peak on Friday at the lunch hour into a low in the pre-market
on Monday with a V-shaped move down and up again and then a monster move
from there and a fade after that. LNWY seems to...
On the hourly chart, BNKU fell from a head and shoulders in late July , crossed
under VWAP lines in a VWAP breakdown and pullback before an inverse head and shoulders
type reversal now underway. The zero-lag MACD is confirmatory. I will take a long
trade here. Projected stop loss and targets ( TP1-40% TP2 40% and T3 20%) are on the
chart. I see this as...
Recently, a report posted on the Social Science Research Network found that 186 banks in the
United States are at risk of failure or collapse due to rising interest rates and a high proportion
of uninsured deposits.Jun 14, 2023
BNKD, the banking bearish and leveraged ETF has dropped in trend down in the past month
albeit with some upgoing corrections...
DPST was down in April, consolidated in May and is now parabolically rising and had a price split
in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1.
Price is well above the POC line of the intermediate term volume profile showing buyer strength
The relative strength on the RSI indicator is flat over 80. I will...
I am bullish on banking sector.
FEDERAL BANK looks interesting.
The price reached the daily support area around 125 and firstly, gave a BEAR TRAP and then formed MORNING STAR CANDLESTICK PATTERN. Both of these are bullish signals.
Expecting price to rise till:
1. 131
2.136
3.140
Stop loss can be below 124.
Let me know in comments section if you want me to...
CME_MINI:NQ1! - Busy week ahead!
We've got a busy calendar ahead of us and remember it's first day of the month - May a Lot of US Data!
1. ISM
2. JOLTS
3. ADP
4. FOMC
5. NFP
Now that's a busy week and I know for some, they will be stepping back and not trading during a hectic week ahead, but I do feel there will be plenty of opportunities. Now, banking...
Hello & Welcome to this analysis
It completed an Elliott 5 waves from May 2022 lows to Jan 2023 high.
Post that Wave A till Feb 2023 lows followed by a Wave B till this week's high.
Today's reversal appears to be Wave C down that could probably take it to 115-110 where it appears to have a support based on the consolidation it has had in that area in the...
The shadow banking system is something you're probably not familiar with.
Until today!
the shadow banking system is made up of mainly investment banks i.e. your market whales or market makers, money market funds i.e. like schwab and vanguard, and hedge funds. these financial entities dont give out loans to you or I, but rather trade amongst themselves. which...
EPS at all time High, Stock waiting to catch up.
The intrinsic value of one JPM stock under the base case scenario is 185.05 USD. Compared to the current market price of 141.7 USD, JPMorgan Chase & Co is undervalued by 23%.
Hello and welcome to this analysis
From COVID lows in this weekly time frame its appears to be in its terminal 5th wave.
After making an expanding diagonal (horn) in a sideways corrective its now set for an attempt for a new high which could see a medium term top formation in it.
As per Elliott Wave after 5 up waves a stock goes into a corrective, since this is...
Wells Fargo & Company (symbol ‘WFC’) share price has been making losses since early March after the fear of a new banking crisis spread throughout the markets after the failures of SVB, Silvergate and Signature. The company’s earnings report for the fiscal quarter is set to be released on Thursday 13th of April. The consensus EPS for the quarter is $1,18 compared...
Helloo and welcome to this analysis
In the weekly chart we can see an ABC from ATH to ATL
This was followed by a diagonal which for now I have plotted as a Leading Impulse. A bearish diagonal would mean that the preceding ABC was a W and the diagonal was X.
The decline after completion of the diagonal is also in the form of an ABC which could complete its path...
