Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right?
Well, like all panics, the fear abates and we can now see that said crisis amounted to only 3 banks failing for specific and now well understood reasons.
...
Preface and Disclaimer: I have a long term stake in Truist Financial Corp NYSE:TFC :(
I wondered "why" Truist, company I have held for a very long time (when it was BB&T) would have been caught up in this contagion of small bank risk fears. An article by Seeking Alpha sheds some light on it:
seekingalpha.com
TL;DR, over the weekend analysis dug into their...
The chart here looks almost identical to PNC Financial Services Group...
We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money.
TFC Weekly Chart:
✔️ Notice how the green weeks have low volume vs the red weeks which have...
Looking at the TFC Truist Financial options chain ahead of earnings , I would buy the $47.5 strike price Puts with
2023-1-20 expiration date for about
$0.75 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
TFC has formed two distinct inverse head and shoulder patterns
Preceding these patterns is a top formation at the dotted line (red hammer)
As price has just encountered another top hammer recently a downward move is expected which correlates with the prior top (red hammer)
Potential inverse head and shoulder forming for a break to the upside
If that pattern fails and we are unable to bounce at the bottom of the channel bearish pts are given as well
Quantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Short 1000 $CFG
Long 694 $TFC
Mean Reversion Time: 18 Trading Days
Quantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Short 1000 $CFG
Long 694 $TFC
Mean Reversion Time: 18 Trading Days
Quantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Short 1000 $HBAN
Long 238 $TFC
Mean Reversion Time: 10 Trading Days
Quantamental Tools for Proprietary and Retail Investors.
Statistical Arbitrage Opportunities Delivered to Your Inbox.
QuantChart. io
Short 1000 $HBAN
Long 238 $TFC
Mean Reversion Time: 10 Trading Days
