ALLY failed to fulfill my breakout to $34 and hit resistance at $32.5 retracing back toward $30. 5MA and 10MA have crossed below 90MA and the EW oscillator is bearish from the recent correction but ALLY is well supported here around $30.5 and it should consolidate here again. Set stop loss at $30 and hold through consolidation.
Quite possibly Ally Financial will bounce from its current price after dropping on an earnings beat. However, I am looking for it to bounce from the high-volume node at 30.01 tomorrow, and I've got a buy order set at that price. Ally has an attractive P/E of 8 and has a 95/100 valuation score from S&P Capital IQ. It faces some political risk from a possible third...
ALLY I like the future of this company and stock, but for now it needs to complete its healthy correction pattern to prep for a next leg up. Looking for mid-28's in this apparent C-Wave. WIll seek entry around that level for a long term hold stock portfolio. Happy hunting and GLTA!!
Write sometning about your psyhology thinking before trade? after one week of illness it is quite good that I can trade again
Describe the trade. What you see? price will advence to the level of the upper resistance and than bounce down to support line
What have I done well for this trade? enter point was ok and when I saw the extended move I went out by hand a...
Although price managed to break the bearish channel, when gearing up for the earning. Although price fell sharply after the earning, price has been forming a triangle pattern.
ALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.
Healthy dip, boring chart. Technically I'm short, but realistically I wouldn't get myself caught on either side; neutral it is. Long term would like to see $23.50 & see what kind of reaction price has off it's lows before getting on either side of the trade
Auto loans have been getting more and more subprime as time goes on. Loans are getting longer and poor credit customers are paying as much as 7% interest on their car, sometimes paying over 100% than if they bought the car up front. These companies heavily rely on these loans to keep their quarters profitable. When will the fun end? When will their greed catch up...
