Weekly view shows a downtrend until the end of 2018, then the stock moved sideways in a trend that is not a bottom. Supported by a weak intermediate support level. Could break to the downside with High Frequency Trader action.
We just heard a rumor today that supposedly came from an eTrade Employee / High Ranking Executive that the company has started deceptively and unlawfully manipulating trading accounts due to extreme losses within thousands of eTrade accounts. What we heard... AFTER A STOCK IS PURCHASED ON MARGIN, with a 25% Margin Requirement, days, if not weeks later, the...
pink lines for targets, Green line and above Buy! Red line for stop ;)
Signals: Double bottom Wide Flag Buy 24.60-24.70 retest of flags bottom line Target 29.00 Stop 24.34 (-1 tic flag's low) R\R ratio 1:16
ETFC expected to open at 23.95 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
The volume for this stock has been very low; mediocre at best. The EMA’s are headed higher after a bullish cross, but ETFC is channeling so this doesn't help very much until the channel is broken. The SMA’s are extremely sideways with no discernible information that can really help with the analysis. Stochastics are heading lower after a sell signal, RSI is headed...