We can see a clearly defined range in the rectangle formation with corresponding volume spikes (over 20 sma vol.) as price approaches support and resistance levels.
Both short term and long term trends are positive with the 9 ema above the 20 EMA and the 50 SMA recently making a "golden cross" above the 200 SMA.
Most recent candle was an inside bar which...
On this daily timeframe a strong horizontal has formed for SYF
This is also accompanied by a inverted head and shoulders pattern, with the right shoulder yet to form
This right shoulder will likely be very bullish and detach price from the horizontal trend
SYF looks to have completed a distribution and is headed to the downside, with yield curve flattening and global growth slowing its easy to see financials lagging too
The PEAD projected a Neutral outlook for $SYF after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
I am bullish on this ticker. Looking at the Quarterly, it has gained momentum and has started coming back up through prior month's range. Over $47.74, my target is at least $50 in 4 to 6 weeks.
In the attached recording we share with you the results of the weekend chart study. A list of stocks meeting M. Minervini's trend template. We also share those where we see some VCPs.
All studies are done solely by us and based on great books written by Mr Minervini who remains to be an inspiration for us.
Details in photo!
I charted this an hour ago and forgot to publish smh.....
what do you think? lol
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Hey guys, SYNCHRONY FINANCIAL is in a bullish surge with high volume at the end of the session and a doji accompanied by a bull wick. In the TIMEFRAME 1Min on observed a hammer bear candle, we will go to the last lowest and start again on a buyer's momentum. Great propability to breakout the range zone and regain a new zone. Then go to the next high to close the...
Ascending Triangle broken out after a 6-month bull run.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $27.51
- Target Stop Loss $27.26
- Target Exit $29.04
About me
- P/L September +33.74% | August: +203.83% | Historical...
rebound towards pre covid 19 levels
financial institutions not affected / work from home compatible = new normal
down sides / fed low interest injections = low profits but still profits
open economy = gains
