Bullish flag formation on HBAN.
Different entry points annotated.
HBAN is trading at a 13.79x P/E ratio versus 22x @ SBNY, 19x @ SIVB, 29x @ FRC, or 15x @ RF & FITB.
The benefits from acquiring TCF bank will begin emerging over the course of the rest of this year and be in full effect in 2022.
HBAN is approaching our first resistance at 14.80 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 61.8% fibonacci retracement) where a strong drop to our first support at 13.37 (38.2% fibonacci retracement) might occur.
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HBAN is approaching our first resistance at 14.80 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our first support at 13.37 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
