This descending triangle on the SA Banks 1hour chart looks a bit intimidating. My guess is that it will break the bottom support line. Lets wait and see
Digged super lots of valuable information on Kadena recently and found out that one of the TOP 100 Banks in the world is already a client of Kadena! Jp Morgan is one of the TOP 100 banks list.. the team comes from Jp morgan.. im just having a wild guess... What more they have Huge partnerships with USCF, a 3 billion Fund company.. also already a client.. they...
HI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES...
BAC : Bank Of America , Too big to fail .
What do all of these have in common from March 15th 2020-June 9th 2020?
Bank nifty has formed Reversal Pattern H&S with right shoulder little skewed to upper end but the neckline break signifies a trend to downward is possible for the coming days and weeks.
if we get to taste a GAP down on monday and on 2M chart we get confirmation of bearish price action then a sudden free fall can not be avoided in BN. Do keep yourself watched!
posted a chart like this previously. Looks like a bull flag. Held well above 95. looking for that 100 break and then free run to the next resistance. Alerts are set. Banks are never going to fail so.... :) long calls though
We are at ascending channel but key support area we break down further out of the bullish moment - we will have the bears come out...! Now, I was very bullish on banks overall - even when they had there earnings. For this moment time technical aspects lets concentrate - if we go further below our next support area would be: 193 - 188 areas & Resistance areas...
Economic downturns are usually accompanied (and perhaps prolonged) by a tightening of private credit, as you can see on this chart of S&P 500 performance vs commercial and industrial loans from all commercial banks. Lending significantly lags stock market performance, but a downturn in lending generally confirms a recession, and an upturn in lending generally...
The financial sector's technicals are looking more bullish after earnings week, with the MACD above the signal line and the price above a volume support. Banks reported mixed financial results, with sales 4.3% above Street expectations, but earnings 3.3% below Street expectations. The earnings came in weak mostly because banks set aside big piles of cash to guard...
Its a happy short covering since last two days in the BN however a sense of confusion will evade only above the pink box (large). We will take Sell of Call options above this area aggresively and on Monday can witness retracement to test near term support level. Follow us on twitter and Tlgm
I did a deep valuation analysis on Citigroup today, digging into their earnings reports for the last three years as well as analyst estimates for the next 4 quarters. Here are my conclusions. In forward P/S terms, Citigroup is nearly the cheapest it has been in the last three years. However, in forward P/E terms, it's nearly the most expensive it has been in the...
$JPM is still in bearish channel even though it is just above the 50SMA which is good sign for future trend. I would expect to hold above $115 before get in. 12 months Consensus Price Target: $111.99 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
It affirms the June record accumulations. First breakout from June close support, without gap market interference. This could be a very good month in MTRO
Looking at a triple bottom finally confirmed. Broke out of its downtrend channel and never broke previous lows. Volume picked up a little bit on Friday. Premiums above 100 are also pretty cheap. Will watch at the open. They have earnings as well. Idk how its going to look but we will see.