Analyzing the options chain and chart patterns of PACW PacWest Bancorp prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
PacWest Bancorp sinks 56% in after hours following news the bank is exploring a sale but Powell said the US banking sector is strong!
PacWest Bank, confirmed Thursday that it is exploring “all strategic options” after its share price was cut in half in after-hours trading following a Bloomberg report that it was considering a sale.
“Exploring strategic options” is...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8.4/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
PANW as a stressed back stock has been trending down. However as seen with the regional
banks at large ( KRE as an example ) the bear market had a bullish rally the past couple of
trading days. So, is this a reversal to trade or merely a pullback of the trend down good for
a short entry? On the 15 minute chart price has ascended to outside the Fibonacci...
on 5 min time frame, using indicator BB with RSI, entry taken as per Divergence, movement confirmation with Stoch RSI, Heikin-Ashi, Gap up opening confirmed reversal to the price calculated earlier on weekend for price to open @ $5.50 wherein pre market showed jump in price due to dividend cut decision by bank to -96%, total duration of trade is around 1 hr 30...
2nd analysis as per pre market on hourly time frame, will wait to see how price reacts against company decision on dividend cuts, will keep add multiple indicators how price is behaving based on certain events in market.
Tried to analyse PACW stock price as per Fib ratio and daily average price levels. Expecting $5.34 as opening price on Monday, new fall is also expected as price seems to be at the golden level and can fall below $2. This will be the 4th crash after SVB or signature banks, etc. Friday price took a reversal but seems there's lot of pressure on the sell side, also...
After dropping as much as 80% in March, PacWest Bancorp (NASDAQ: PACW) started slowly recovering. The California-based bank holding company recently reported its Q1 earnings which surpassed expectations providing a bullish outlook for the stock. With its deposits slowly increasing over the past few weeks after witnessing a deposit outflow last month, in addition...
AMEX:SPY - was spot on with my analysis prior day " If SPY rejects the 412 area early on and breaks 410 support, expect lower prices to follow…. ". This morning, SPY is bouncing off 406 support in the PM following positive earnings from MSFT and GOOG. Watching price action closely early on for clues to where the market might continue. On one hand sentiment is...
Treasury and FDIC demonstrated zero interest saving shareholders of SIVB (wiped out, the buyer of assets got $16B+guarantees for loans).
Same will go for the rest of KRE = any assets are at deep dis count.
Can't save them all (nor they would want to). Industry consolidation.
The End.
While Bank Regulators are trying to put together a package to save FRC First Republic Bank with JPM and Morgan Stanley, other hammered regional banks are looking like a bottom. PACW has a book value of 29.50 and a cash per share value of 17 dollars per share. FDIC Insured deposits account for 40 percent of total deposits, making a run less likely than FRC which...
