Get started

Bankingsector

XAUUSD : Gold SVB Ralley Near to EndOANDA:XAUUSD Gold is trading in extreme bullish pattern Gold is rallied more than 1000 pip's in last 1 week Big reason is downfall of banking sector collapse of SVB and other banks people shifting money in precious metal like gold 1865 is touching of upper trendline of rising wedge Rising wedge is a bearish reversal pattern Gold will target 1920 area and in extension 1890 area this month ❤️ Please, support my work with follow ,share and like, thank you! ❤️
OANDA:XAUUSDShort
by INVESTRONE
3
Absa showing downside to R135.00 - SMC also appliedPATTERNS: Absa is forming one of the two Either an Reverse Inverse Cup and Handle . Now price is broken below the handle, the chance is that it'll head to R135.60. Or it's forming a head and shoulders where the Right Shoulder is now ready to form (upside) then downside to the target. 21>7 - Bearish Price<200 Bearish RSI<40 - Bearish SMC: We can see a Bearish Fair Value Gap has formed. This is where the 1st and 3rd candle does NOT overlap in price. The market now will want to rebalance and move up into the gap to fill the orders before it comes down. Hence, this is when the Right Shoulder will form. If the price goes back up it'll give a short term BUY SMC to R185.00 If the price continues down then the target will be R135.60. Regardless, the overall trend and bias is down in the medium term.
JSE:ABGShort
by Timonrosso
Maximum Pain in The Future CS Credit SuisseBanks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. Credit Suisse is A Mess, This won't be good R-R for a reversal until late 2023. There are hundreds of significantly better opportunities available
NYSE:CS
by noam_chom
6
KBE Banking Sector ETF Long Swing LongKBE is in the middle of a beatdown with two of the biggest bank failures in history this week. The share price action is reflecting overall distribution. The moving averages ( SMA 100 and SMA 200) are parellel and not crossing. Today, the price action had a little pullback on the drop and perhaps an early sign of reversal or at least the end of the trend into a consolidation. Price action today is a symmetrical triangle at the POC line suggesting some dynamic stability and perhaps a pause awaiting a reversal. My idea is to buy weaknesses and later sell some new strengths ( or at least the weakness fixed). Dip buying ( pull backs on the big picture) has risks associated with the rewards. This would be with shares on the way down ( or a call option ) getting cheaper and cheaper buyers and then start selling once shares are 10% above the cost and calls 25% above their cost once the reversal is trending. ( Another idea is to buy a given dollar amount of shares and then 5% as much dollar amount in put options two strikes above current price with DTE 3/24) as a hedge ( insurance on risk).
AMEX:KBELong
by AwesomeAvani
The Role of BTC in the Challenging Banking/Financial SituationUsing A2P Toolkit has been an excellent experience for trigger longs for many individuals, particularly in light of recent events. Bitcoin has hit a resistance level of 24500, leading to an increase in order flow in a "long" way related with the current situation of Coinbase, and SVB many users have found it beneficial to withdraw their money using Bitcoin as some banks acting as intermediaries are unavailable making it an ideal choice for those looking to complete transactions in a timely manner. Don't forget to try the tool for free for over 2 weeks.
Long
by a2p_
EURUSD bagged and taggedAs mentioned before, so long as DXY has not reach the finishing line, which is the higher time frame upside objective, Risk Off will still be in play. Same narrative, different pair. What happens when DXY finally gets to the upside objective? We sit sideline and study what it wants to do next. There are only 3 possible direction of the market, Bullish / Bearish / Consolidation. Usually, in my opinion, after a prolonged rally / decline, price will tend to consolidate for a bit. After consolidation comes expansion. The question is, expansion to the upside or downside? Now, this short-term bullishness of USD as I previously stated, could be Bear Market Rally for USD. Mr Powell will likely hike rates again in the next Federal Fund Rate announcement. In theory, higher interest rate means bullish for currency. But look at US domestic debt condition. Will that spook investors? Housing and Banking looks about to get crushed. US Credit Card debt climbs nearly US$1 Trillion *source: Insider Intelligent* Household debt hits record US$16.9 Trillion *source: CNN Business* Housing Market Downturn Wipes $2.3 Trillion In Value As Experts Predict Prices Could Still Tumble Another 10% *source: Forbes* US Home-Purchase Applications Drop to 28-Year Low *source: Bloomberg*
by XeroAcademy
BANK OF AMERICA One last low and off to the races?Bank of America (BAC) got heavily rejected in early November on its 1W MA50 (blue trend-line) and hasn't recovered since, staying for the whole December below even the 1W MA200 (orange trend-line). This is not the first time we see such price action from Bank of America. As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, is currently exactly at the top of the 10 year Buy Zone. As a result, BAC is a buy opportunity, either on the next Low, or if it doesn't make and rebound earlier, if we close a month above the 1W MA50. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:BAC
by TradingShot
1
JP MORGAN Ahead of a Golden Cross. Strong bullish signal!JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom. The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden Cross on the 1D time-frame. This is technically very bullish and in fact the last time we saw this formation was on November 13 2020, almost 2 years ago! As with today, the price was again just below the 0.5 Fibonacci retracement level, just a few days before the Golden Cross formation and after it was completed, started one of the strongest rallies in recent times, making a new All Time High on January 12 2021, essentially just 2 months after. Now obviously that was the era of 'cheap money', when the Fed printed trillions of USD in a very short period of time to support the economy during the COVID lockdowns. We can't expect the stock to rally as fast and as aggressively but still, as long as the Golden Cross is formed and the 1D MA50 supports, we can target one Fibonacci level at a time. Notice how similar the 2020 COVID recovery is with the 2022 (today) one. The 1W MA200 is in a symmetrical place, the 1D RSI was pulling back on the same fractal and the 1W MACD rebounded on the same level. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
GS has great upside with PB 1.08I believe that $GS is a great opportunity to buy at this levels, their PB ratio is 1.08 which is one of the best ratios compared to other American banks at this point. They are one if not the largest investment banks in the world and they are also paying a 2.58% dividend yield. Combine that with the rising rates that will give even better margins and I truly believe its a great long term buy from this levels. I am thinking of opening a substantial position at this point and looking forward to hear your thoughts on that.
NYSE:GSLong
by Louk_Min