Bank of America - weekly zoom out Range 31.55 - 25.88 support test at mean 28.65 low volume and momentum indicating test of mean support VOL ATR - SHORT macro sentiment unclear short term neutral, long term bearish idea next resistance up ~ 31.55 support at 25 and 22 and then down 14.80
We just heard a rumor today that supposedly came from an eTrade Employee / High Ranking Executive that the company has started deceptively and unlawfully manipulating trading accounts due to extreme losses within thousands of eTrade accounts. What we heard... AFTER A STOCK IS PURCHASED ON MARGIN, with a 25% Margin Requirement, days, if not weeks later, the...
On April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days. When we take a look at other technical indicators, the relative strength...
Well those who missed to short Citi, hsbc, scb, ms, wfc, boam bcs here is a new opportunity to maximize profit by shorting CapitalOne Bank COF . It is still in free fall zone. For low we can look for 2009 low price.
From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good...
Well looks like HSBC is hovering 2009 financial crisis. Time has come to short them again to go to zero or so. Red line will act as resistance line. Time to re-enter.
Black line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit. There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks. =============================== At least this is the start of the another...
Looks like our favorite investment bank may be have even more of a down swing in store. This head and shoulders pattern looks pretty well defined. The current candle however is sitting on a support level around 170 but if that is breached then 150-152 may be in store. as the next stop.