Looking 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 about it.
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 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)
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%.
TFC getting closer to a breakout 6 Month Long Base Decent Volume Pays out Dividends
TFC hitting against resistance but if this rally off the 5% dip continues, there should be no reason this does not continue to rally as well. Looking forward to watching her move.
This charts mirrors $KRE , regional bank ETF, fairly close. I prefer to own SunTrust/ Truist ... Note the dividend yield, makes this more interesting to own in a taxable brokerage account versus and IRA. Disclosure: I already own it, am also plan to trade it week 25. Will be comfortable holding it, if it continues to sink.
Good opportunity in TFC. Supported by the rest of the financial sector too.
Main support levels 58.00 - 60.00. Max stop loss is 56.00 For this week, I will keep focus on banks. Good formations among stocks from this sector, nice relative strength.
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$TFC is Projected to have a bullish outlook based on the PEAD Cone, Price dipped to touch the lower boundary of the cone, and is pushing higher currently trading around the median line.
Hello traders, TRUIST FINANCIAL CORPORATION is in a bullish dynamic with a stable purchase volume made and a shadow bear that follows. The 1 Min TIMEFRAME shows an aborted attempt by buyers that comes after a crash in the price to reverse a price increase. Big potential to go to the next high see the TIMEFRAME 4H, then reach the top after we can see in Daily. Then...