Secured a break above and a retest of the 200 Week MA.
Ready to run!
Already have a position in this- opened a few weeks ago.
Let's aim for the 50's, stop loss below the 200w, though it would take some pretty bad news or an abysmal earnings to go back under it.
In a significant development in the financial sector, Synchrony (NYSE: NYSE:SYF ) and Ally Financial Inc. (NYSE: NYSE:ALLY ) have recently inked a definitive agreement for Synchrony to acquire NYSE:ALLY 's point-of-sale financing business, encompassing $2.2 billion in loan receivables. The move is poised to reshape the landscape of home improvement and...
Analyzing the options chain and the chart patterns of ALLY Ally Financial prior to the earnings report this week,
I would consider purchasing the 31usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $0.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
📊 Fed's Influence:
Ally Financial (ALLY) positioned to benefit from the Federal Reserve's indication of multiple interest rate cuts in the latter half of 2024. This shift is expected to drive higher loan demand and boost net interest income.
💵 Interest Rate Dynamics:
Lower rates to depositors anticipated, stimulating increased borrowing.
🔍 Strategic...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 26.5/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
AMEX:XLF sector showing strength looking at potention gap fill here to 28. Based on past events and my technical analysis I see it filling gap some time this week if not next. Thanks this is just my thought process on the setup I keep things simple and not overly complicated it. Don’t use this as investment advice!
Why has Buffett invested in ALLY?
Having invested $1.7B since 2012 in the industry giant, General Motors, you could say Buffet is an expert on the auto industry. Which helps explain why Buffett took an interest in Ally.
This fintech company offers multiple services but specializes in the auto loan industry since it once was a financing division of GM,...
1: Sell Put for 17 March for $ 20 - for $ 0.80 Cent Free Money 4%
2: Buy Call for 16 June for $25 - Free 41%
Trade will make 45% combined
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Looking at the ALLY Financial options chain ahead of earnings , I would buy the $27 strike price at the money Puts with
2023-1-20 expiration date for about
$1.00 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.
One follower asked for a chart on this stock. Here it is !
Putting the fundamentals aside, looking at the chart, we can see that it has now reached a resistance turned support level at 30.10. If within the next few weeks, we do not see a rally from this level, then we can expect the price to continue head south towards 23.67.
Despite the increasing interest...
Ally Financial Inc, a digital financial services company, offers various digital financial products and services to individual, commercial and corporate customers primarily in the United States and Canada. It operates through four segments: auto finance transactions, insurance transactions, mortgage finance transactions and corporate finance...
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF ALLY breaches Friday's low of $41.47 during tomorrow's session.
