Traders, For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real...
Beyond just the implications of the war, the technical setup on the Tel Aviv Stock Exchange looks very Bearish as if it's ready to collapse to new lows, as it has confirmed 3 Falling Peaks and will confirm a 3 Line Strike on the Monthly Timeframe in just 14 hours. I expect that the exchange and all 15 of its Foreign and Domestic owners will be negatively affected...
First Rand made a lovely pin bar reversal off support on Monday and subsequently followed through today. I like this one as a long here with a stop below R60.00 and a target back to the 50% fib of recent high and low which also coincides with its yearly pivot point (=- R67.00). Also note bullish divergence where RSI is making higher lows even though price made...
technicals suggest a gradual upside in ICICI BANK . There are multiple confirmations for the same. The reasons are stated below : 954 levels previously acted as a strong resistance and now the stock price broke 954 levels, which now acts as a support. there has been a consolidation in the stock price for last 2months forming a falling wedge pattern(bullish...
BlackRock has some Hidden Bearish Divergence across a few notable time frames and is below many of the major Moving Averages after Bearishly Pivoting at a 618 Retrace, if we can continue down from here we will eventually break below the B Point and go for a Full Bearish BAMM break down to the 0.886 Retrace at $161.72
If you haven`t sold OZK here: Then analyzing the options chain and the chart patterns of Bank OZK prior to the earnings report this week, I would consider purchasing the 35usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.72. If these options prove to be profitable prior to the earnings release, I would sell at least...
Bank of America has confirmed the MA's and S/R zone as Resistance within an Ascending Broadening Wedge just as PACW did not so long ago, and now more interest is building at lower levels, which could suggest that BAC will be breaking down from this wedge very soon, and the measured move would take it all the way down to about $2, though we could see it try to...
If you haven`t sold JPM here: or reentered ahead of the previous earnings: Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 147usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $1.91. If these options prove to be...
If you haven`t bought the dip on Citigroup here: Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week, I would consider purchasing the 41.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.06. If these options prove to be profitable prior to the earnings...
While the Fed’s Bank Term Funding Program (BTFP) has been a key factor in supporting bank equity, the rapid rise in US Treasury bond yields is a concern, and so is the exposure to Commercial Real Estate (CRE). We can see CRE benchmarks rolling over of late and heading lower and this is keeping investors from buying into regionals. One for the radar, but if we see...
" DOWNTREND PATTERN BREAKOUT " Entry Level : 260 SL : 225 Targets : 300,335,370+ 52wk High : 275.90 52wk Low : 182.15 Mkt Cap : 405.30 B Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any...
Berkshire Hathaway is currently trading at the HOP level of a Bearish Gartley and at this HOP level, upon close, will likely confirm a Bearish PPO Confirmation Arrow as the PPO Oscillator itself gets closer and closer to breaking below a well established trend line. Along with that, we have some Bearish Divergence on the MACD and the price action we got at the...
Analyzing the options chain of OZK Bank prior to the earnings report this week, I would consider purchasing the 40usd strike price Puts with an expiration date of 1/19/2024, for a premium of approximately $2.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
Analyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the...
Chart mapping/analysis for ASX 200 Banks Index ASX:XBK Constituents: - Big 4 Banks = ASX:ANZ ASX:CBA ASX:NAB ASX:WBC - Mid Tier = ASX:BEN ASX:BOQ ASX:JDO ASX:VUK - Small Banks = ASX:ABA ASX:BBC ASX:BFL ASX:KSL ASX:MYS Note: Macquarie Group Ltd classified as Diversified Financials but also facilitates Banking ASX:MQG ASX ETFs -...
NASDAQ Bank's market behavior is currently unfolding within the context of a cyclic wave pattern, specifically in its fourth wave. This cyclic wave pattern is a representation of the bank's price movements over time, and it is comprised of various phases that can be broken down for analysis. Starting from its inception, the bank's journey has been marked by...
BMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.