Not the longest base but it seems like JSE:ABG has retested the recent breakout level & found support there. Not a bad place to add to the long position, if you have one.
Why LINK investors might be sitting on a goldmine thanks to proof of reserve It is often difficult to find winners in the crypto market during a major crash but Chainlink might be it. Even though its native currency LINK suffered significant downside so far this month, the Chainlink network continued to see wins as a potential solution. Chainlink can...
The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate &...
Bank of America Corporation ( NYSE:BAC ) Sector: Finance (Major Banks) Market Capitalization: 290.715B Current Price: $36.18 Breakout price trigger: $36.60 Buy Zone (Top/Bottom Range): $35.60-$32.65 Price Target: $45.80-$46.50 (2nd) Estimated Duration to Target: 180-191d Contract of Interest: $BAC 4/21/23 40c Trade price as of publish date: $1.82/cnt
The technical figure Triangle can be found in the daily chart of the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A., is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive...
JP Morgan Chase & Co.( NYSE:JPM ) Sector: Finance (Major Banks) Current Price: $122.23 Breakout price trigger: $123.50 Buy Zone (Top/Bottom Range): $120.00-$112.00 Price Target: $140.40-$142.20 Estimated Duration to Target: 63-68d Contract of Interest: $JPM 12/16/21 130c Trade price as of publish date: $3.25/contract
Bearish Cypher in BBVA Also I expect deterioration in emerging markets + non performing loans will increase in its balance sheet. Sell and short. Potential short to 4,70 then sub 3,80 for eoy.
AUJPY broke up the descending channel . It has formed a short term uptrend. In order to buy I am waiting a break - retest of the resistance with a TP level close to the most recent solid resistance I spotted. Otherwise, if it breaks the current support zoen and retest it pointing down I will go vice versa. In general BoJ is more dovish while BoA is more...
Banks had a positive day today. JSE:ABG managed to break above R190.
JSE:SBK seem to have found support at the previously noted area of value. The bank also came with operational update, maybe that was a catalyst.
Bank of America Corporation ( NYSE:BAC ) Sector: Finance (Major Banks) Current Price: $31.70 Breakout price trigger: $32.65 Buy Zone (Top/Bottom Range): $30.90-$29.00 Price Target: $35.50-$36.00 Estimated Duration to Target: 48-50d Contract of Interest: $BAC 12/16/21 32c Trade price as of publish date: $1.96/cnt
Traders, Something tells me that many traders are not going to be expecting what's to come. Let's take a look at what I am expecting for short-term, mid-term, and longer-term market price action. Stew
Jamie Dimon has set the fear expectation, prior to the banks report this week. Attached is the JPM CHART on a 15 minute time frame The lines on the chart are referenced below and on the chart. Yellow Dotted = Intraday Levels White Dotted = Daily Chart Levels I expect the PPI or CPI to be a catalyst for the market to get a counter trend going and Friday bank...
Information has appeared on the Internet that the Swiss bank Credit Suisse is highly unstable. Recall that Credit Suisse is the second largest Swiss financial conglomerate after UBS. This bank covers a large volume of the banking market around the world and if Credit Suisse has problems, the entire world economy will feel it. The bankruptcy of such a financial...
1/ There's a ton of fear atm #CreditSuisse & #Deutsche_Bank all over $TWTR How can anyone be bullish? We warned from last year about the coming #MOAC(Mother of All Crashes) BUT short term there are signs of +, #crypto @ least is holding, needs to lead $BTC #BTC #Bitcoin Will only post partial
JSE:CPI released results, good/bad/whatever, this week. The stock rallied a bit a day before the results, but the market hasn't been kind to JSE:CPI and other banks. Currently the stock is trading near R1560/share. R1530-ish once acted as an area of value, resistance turned support. Will the "support" level hold?
JSE:INP JSE:INL had an incredible run in 2021. Like most stocks, it's experiencing challenges in 2022. The stock has been trending lower; above R75, it can find support. Below R74 things could be worse. Our charts show that the financial sector, and banks, is weak. Not hopefully that R75 will hold but the market will decide.
Goldman Sachs Group, Inc. ( NYSE:GS ) Sector: Finance (Investment Banks/Brokers) Market Capitalization: $112.036B Current Price: $326.21 Breakout Price: $335.15 Buy Zone (Top/Bottom Range): $325.35-$306.65 Price Target: $361.40-$363.50 Estimated Duration to Target: 60-63d Contract of Interest: $GS 11/18/22 330c Trade price as of publish date: $15.45/contract