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.
NYSE:BAC Here you can see the move has already begun on the 30M chart with a nice hit on the daily trendline u see at bottom. It may break over tomorrow or give us a nice entry if it opens down tomorrow. Stay tuned.
We already formed bullish divergence and another may form if we open lower tomorrow with a potential 3rd bounce on TL for the push up. I'd keep my eyes peeled open on this one and other banks. NYSE:BAC
Boom. Entering London Session. Im pretty bullish on this pair for the time being. DXY is shooting so its only right for this pair to drop. Im expecting for the banks to push price against the trend and then continue pushing up. I have a fib zone drawn on the four hour in which price is currently in. My entry is near the .618 zone as well as a QP. Hopefully price...
I've just finished reading through Moody's analysis of Friday's Fed stress test of banks. Honestly, a lot of it was over my head. However, from what I can tell, it looks like Credit Suisse may be the best positioned of the big banks to weather this crisis. In the Fed models, CS survived with more Tier 1 capital than any other bank, beating most of them by a wide...
Coal india is poised to test the sell zone however it is also heading to test the cluster POC from where a stark selling pressure can arise. Good to sell PE options in the stock
Hi, Strong support 0.27 - 0.31 Technical criteria: 1) Previously worked strong support level (2009) 2) Fibonacci retracement 62% 3) Fibonacci Extension 162% 4) 50% drop from the recent high 5) Minor trendline Regards, Vaido
Long OTM puts on banks might easily become my best trade of the year
after a massive dump, believe we see a small rally and then another leg lower.
Expecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not...
Hi traders we have another contraction and expansion strategy here with 5 triggers and the final one has been completed with a pull back to 61.8 Fibonacci retracement after yesterday's rally and we are seeing the market now on the verge of resuming it's recovery after the huge drop we had during the COVID-19 period and I think there's a very good chance that we...
Bank shares ticked higher after passing Fed stress tests, and being given the green light to pay dividends BUT they still way behind the S&P 500 this year. Lots of room to makeup
On the trend breakout of 22700 - Long will remain bullish. Important resistance would be 22650.
Potential for a fakeout here but my hypothesis is that we see new local lows on XLF by the end of 2020. You may think the banking sector looks poised for a rebound if you look at the weekly candles, but the monthly candles look like this dump could just be getting started. Short XLF Entry: $23-25 Stop: 26.50 Target: $18.50 - $13 Assess in October, adjust 18.50
I'm new to all this- Please do your own DD and feel free to criticize my work.
We have good opportunity to go long on this pair based on price action and trend continuation. There's a minor resistance level which you will need to pay attention to.
Everybody forced into chasing "junk" and showing bosses they had "deployed risk" - ugly price action in some of the most squeezed sectors in Europe, banks, autos, travel and leisure...all down 4-4.5% SX7E turned right on the 100 day moving average.