s3.tradingview.com Weekly Stochastics in bullish range Right off market correction
In oversold region - but still in uptrend. Can wait for price to come out of oversold area. VIXFix at peak - showing linerar regression green. Can wait for it to turn lime. Bounced off support area + trend line Positive divergence on OBV
This 3x bull of XLF If XLF will pull back 15% FAS will done about 30% RSI Divergence on Both XLF and FAS Short 111 Stop 120 Target 77 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan should be less than 1% of an account.
Buy FAS - EMA lines are crossing AND the MACD lines are crossing AND the RSI line is trending up.
Since the March sell off, this stock has created two major regression trend channels. With recent catalysts to include vaccinations, stimulus, and upcoming earnings, a bull flag has formed at the regression channel and double resistance breakout. This stock will be $100+ within months IMO
Finance sector was little bit lagging but now its starting to rise dramatically!
Looking at the long term picture, we did not have a clear B wave bouncing during the March crash, that could suggest a full ABC retracement was completed. We could possibly be rejected at the upcoming Fibb levels, particularly around 50 and 61.8 retracements around 61 and 71. MACD divergence is also negative, which could suggest an impending correction, the extent...
FAS took a beating on Tuesday during the Barclay's bank conference as players revealed all the nasty writedowns on the way. But the BofA survey of large fund managers also hit the wires, showing that the most concrete outlook is an expectation of a steepening yield curve once a vaccine is around, which directly translates into rapid growth in bank net margins....
LEVERAGED On this one, I plan to take it to targets one, then re-evaluate Top 10 Holdings BRK.B - Berkshire Hathaway Inc B4.76% JPM - JPMorgan Chase & Co4.67% V - Visa Inc Class A3.46% Russ 1000 Finan Indx Swap1.59% BAC - Bank of America Corp3.08% MA - Mastercard Inc A2.84% WFC - Wells Fargo & Co2.20% C - Citigroup Inc1.87% PYPL - PayPal Holdings Inc1.36% Not a...
Banks remaining a bit weak. or Starved for New Cap pools? Great opp.
I'm a long term investor, who are using software with median renko and fibs to analyze charts(1 get up to 10 signals in a year), and i currently i think FAS will go higher, i would set trailing stop to distance from the price to SL.