An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Nice double bottom on a solid support. Hit target 1 so I will move up stop to lock in about 1.5R's and let it run from here. Most likely will get a retest for the next couple days but hopefully it keeps running. Looks good so far.
Nice double bottom on a solid support. Hit target 1 so I will move up stop to lock in about 1.5R's and it run from here. Most likely will get a retest for the next couple days but hopefully it keeps running. Looks good so far.
Fractal shows similar pattern as last downtrend on the D1. Major support around $30 and possible upside by EOY at $42 which would be good for 40%. Would wait to buy for now and let fractal play out to find previous support level. Will be watching closely over the next month.
I am analyzing SYF this morning - the stock earns roughly 2% per quarter or 8% per year, roughly, so it seems cheap.
I owned it from the IPO and held it for the rally to near 30 in 2014 and sold it. Now I get the chance to repurchase the shares close to what I sold them for. Earnings for the last 4 quarters are 70c, 64c, 66c, 65c, and estimates are for 68c in the...
If BABA follows this pattern, the way to trade is to wait for the "MODE" to set up, then once an ENTIRE SESSION is above the mode, as shown below, then look for a rally.
Note how the rally lasts for the amount of time of the mode.
Fascinating.
And note how it holds the high of the opening day on the pullback.
Tim
3:56PM EST Tuesday, Sep 30, 2014 24.39. last
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards.
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SYF
