BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most...
TITLE/(DATE)- WFC Wells Fargo (9/23) ASSET- STOCK ORDER TYPE- market first/BUY LIMIT Time Frame-1Week ENTRY PRICE 1- $23.40 market ✅ ENTRY 2- $20.40 (pending) STOP LOSS- $18.40 (50 PIPS) TAKE PROFIT 1-$28.40 (50 PIPS) TAKE PROFIT 2- $33.40 (100 PIPS) TAKE PROFIT 3- $38.40 (150 PIPS) STATUS: 🏃🏽♂️ACTIVE 🏃🏽♂️ Wells Fargo & Company is a bank holding company. The...
JPM showed relative strength during a market pullback and confirmed a pennant breakout with its close even on a down day. A rotation into banks may provide the volume this needs to see fib targets above. Safe entrance above last market open. Stop loss can be set at the fib below.
XLF seemed to avoid selloffs on Thursday/Friday where the rest of the market couldn't. Looking for further confirmation Tuesday/Wednesday 9/8 & 9/9
There is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken...
A downtrend line has been forming since pre-COVID highs forming a solid setup. Recent highs over $106 failed to break upwards, a break out of the downtrend can see targets above, with the marked fib close as the support below. Stop loss set below the lows of the most recent daily candle.
On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle. If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003. On a 5 year chart attached to this all time log scale chart there's been a golden...
Axis bank ascending triangle in 4 hpur chart final level for downside is 402 if main tained then 560+
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The company holds and acquires Federal Family Education...
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
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
The GAP has been filled... The Fed has spoken... The more than $80B a month will continue until further notice... So is this $80B good for Bank stocks?? We would say YES!
How would the BANKS react if the Fed institutes yield curve control (YCC)?? Do we see $30 or go back and fill the GAP!
With the 9, 20 & 50MAs above a key resistance line does that bode well for BAC? We would say yes!
Maybe there is nothing to it but you bounce off the 200MA 3 times and your out! Off the cliff you go!