SBCF is great for long term vision! The asset has been rising well after the fall that took place in 2006. In which the asset has lost almost 100% of its value. In late 2012 to early 2013 the asset showed a trend reversal pattern, a shoulder head to shoulder. Then it stayed in a channel, broke it, corrected it, made a climax that created a wedge and I continue to...
NASDAQ:SBCF
SBCF formed a cup with handle in recent weeks and has come close to its buy area. We will watch closely for a pull back to the 24 level. With the current setup and resistance levels. The next high was back before COVID, on Jan 3, 2020 of 31.42. 2021 estimates put this up with a 21% increase over sales. Most conservative estimates have this getting to...
The main reason I have for pick stocks in the Financial Sector is based in one very simple principle I find in the media right now
* Fed minutes: All signs pointing to more rate hikes ahead
www.cnbc.com
* Fed Minutes May Give Clues to 2018 Interest Rate Word Puzzle
www.bloomberg.com
And this make that bank shares become more attractive, for some type of...
I am a newbie in technical analysis and look forward to learning from the experts on this forum. I think I identified a pennant on this SBCF chart. Two converging lines, a flag pole and decreasing volume (except the last trading day on this chart). Just the time exceeds the three week rule. Or does it rather qualify as a symmetric triangle?
I am interested to see...
