Bank of America lost more than 40 percent of its value between February's high and this morning’s low. Is the megabank now showing signs of a bounce? The first pattern on today’s chart is the early drop to $29.31. That was BAC’s lowest price since December 2020, but it lasted less than 30 minutes. Prices turned green by 10am ET and quickly surpassed the previous...
We are forming a double bottom patten at the 61.8 Fib Retracement level just 5 days before earnings.... Sentiment is weak despite significant boost in Net Interest Margin. Inverted Yield Curve and collapse of capital markets and mortgage activity does not bode well for JPM however I believe this reality is already priced in to the stock and we are set up for a...
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.
It's hard to say that JSE:SBK is at an area of value. Financials are weak, it'll take a decent amount of buying to keep the stock above this "support" level.
SPDR Select Sector Fund - Financial ( AMEX:XLF ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $33.05 Breakout price: $33.85 Buy Zone (Top/Bottom Range): $32.85-$30.65 Price Target: $38.00-$38.80 Estimated Duration to Target: 132-137d Contract of Interest: $XLF 1/20/23 35c Trade price as of publish date:...
Buy above 1260 to 1262 target will be 1288 And the other target for short term is 1360 In my point of view this stock will fire in upcoming days
The dominance of Tether reacted to the accumulation zone and became bullish, and crypto went for the next impulse.
Technical Analysis and Outlook: The Bitcoin penetrated our Mean Sup of $22,575 and settled at a Mean Sup of $20,780. The rebound to Mean Res $24,450 is possible. The primary destination level to Key Sup 18,900 and Completed Outer Coin Dip $18,665 is in the process.
As India is one of the fastest growing economies this stocks potential is very high, in the last 30 years India's economic growth has only declined in 1 of those years (COVID year) in the last 10, growth has almost doubled. With a rising economy and very strong fundamentals this seems a wise investment to hold long-term. I am looking to enter a position at the gap...
Technical Analysis and Outlook: The Euro market has swung back and forth to the U.S. dollar throughout this week's trading session. After creating fresh Mean Sup 1.0111, the currency is poised to retest this support. Currently, the upside target is continuing to be a possibility to Outer Currency Rally 1.0420. An ultimate trip to Outer Currency Dip 0.9765 is in the making.
TL;DR Breakdown Tesla has stayed one of the biggest Bitcoin financial backers as it has shared its Bitcoin worth in SEC documenting. It had sold 75% of its Bitcoin possessions as of late, impressively diminishing it. As per the SEC recording, Tesla holds Bitcoin worth $222 billion. Tesla CEO Elon Musk has been one of the principal reasons Bitcoin saw an enormous...
Hello guys and girls. Why we are looking BTC short for the week. If you look Bitcoin on the weekly timeframe, you will see that price is approaching the weekly low 17625.51. Looking at the 4H timeframe you will see the expending channel with a clean multi touches and ascending pattern for the massive sell. We be looking for an entry on the 1 Hour timeframe for...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. ANZ, one of the big four banks listed on the Australian Stock Exchange is a pretty tricky stock to trade,...
Technical Analysis and Outlook: Bitcoin is trading under Mean Res $20,350 - the current path is to the downside revisiting our Key Sup $18,900 and completed Outer Coin Dip $18,665. The coin is facing take-down to the #2 Outer Coin Dip $15,500 mark.
I think Anthony Noto is looking at the weekly chart too. Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel. Once it fights through it and closes above it, it should easily hit $7.70. The sweet spot for the majority of people to get out...
Technical Analysis and Outlook: Bitcoin is trading at under $20,000 as it is waiting for oxygen therapy - with the possibility of making advancements to Mean Res $21,575 and a low probability additional rally to Mean Res of $22,670; currently sitting at our of Key Sup $18,900. The coin is facing take down to the #2 Outer Coin Dip $15,500 mark.
Hey Traders, You don't want to trade a market when it will be beyond TA. It will fly under because the MM will go maniac. Please trade responsibly. Safe Trading, Thanks