TRUIST FINANCIAL Stock Chart Fibonacci Analysis 051023Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 33/61.80%
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About Truist Financial Corporation
Sector
Finance
Industry
Regional Banks
CEO
William Henry Rogers
Website
truist.com
Headquarters
Charlotte
Employees
52.848K
Founded
1872
ISIN
US89832Q1094
Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing, and equipment financing. It also markets a range of other services, including deposits, life insurance, property, and casualty insurance. The company was founded on December 6, 2019, and is headquartered in Charlotte, NC.
Banks Bottomed?Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right?
Well, like all panics, the fear abates and we can now see that said crisis amounted to only
TFC in the "Valley of Risk"Preface and Disclaimer: I have a long term stake in Truist Financial Corp NYSE:TFC :(
I wondered "why" Truist, company I have held for a very long time (when it was BB&T) would have been caught up in this contagion of small bank risk fears. An article by Seeking Alpha sheds some light on it:
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Watchlist 2023-03-14 $GOLD $VALE $TCF $FRC $ALLY $KBWESPY - pointing to a higher open coming up this morning following a volatile session amidst concerns over the fallout from Silicon Valley Bank's collapse on Monday. CPI came in as expected at 6% YoY and MoM at 0.4%.
Regional banks continue to trade like low float small caps. I'm looking for names wi
💾 Truist Financial Corp. (7th Biggest Bank USA) | Crash AheadThe chart here looks almost identical to PNC Financial Services Group...
We've been receiving countless spam from banks offering all sorts of products, dozens of emails and phone calls every week... Now we understand why... It seems like they are desperate for money.
TFC Weekly Chart:
✔️ Notice
TFC retest of 47.23Idea:
Buy: 48.26
SL < 47.5
Fundamental:
- Value
- Pro: Low P/E
- Pro: Low debt to equity
$TFC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TFC after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90%.
TFC Truist Financial Corporation Options Ahead of EarningsLooking at the TFC Truist Financial options chain ahead of earnings , I would buy the $47.5 strike price Puts with
2023-1-20 expiration date for about
$0.75 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion
TFC - Inverse H&S's TFC has formed two distinct inverse head and shoulder patterns
Preceding these patterns is a top formation at the dotted line (red hammer)
As price has just encountered another top hammer recently a downward move is expected which correlates with the prior top (red hammer)
$TFC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TFC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
