$SMFG posted its earnings with a positive under reaction following its release with the PEAD projecting a neutral outlook placing the stock in Drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
A 50B+ major Japanese banking firm - coming off a major multi year base with > 25% upside in 2020. Risks can be substantially mitigated by due the high dividend payout offered by the company. Risks can be further reduced by doing the following: 1. hedging with put options strike 5 with at least 90 Days to expiry (DTE) for worst case scenarios 2. Do not risk more...
SMFG is forming a nice bump & run formation. It has very nice upward run as a fallen angel on huge volume & now seems breaking out. Moneyflow very strong. We think it has very good upside potential. * Trade Criteria * Date First Found- June 12, 2017 Pattern/Why- Bump & run formation Entry Target Criteria- Break of $7.83 Exit Target Criteria- $8.43 Stop...