Analyzing the options chain and the chart patterns of BK The Bank of New York Mellon Corporation prior to the earnings report this week,
I would consider purchasing the $52.5usd strike price in the money Calls with
an expiration date of 2024-5-17,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would...
Bank of New York Mellon ( NYSE:BK ) is holding in a whole sale price range between $50.91 and $52.32, which suggests that it's in a good spot for investors who believe the stock will go up.
Basically, Bank of New York Mellon is a big player in finance, offering a bunch of services to all kinds of customers. This means it's got a solid business...
Hello Everyone 🙋🏽♂️
resistance + RSI Signal
💲 Entry Point : 52.14
🟢 TP 48.87 🔴 SL 53.45
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment...
BK has broken out of a 60min correction, re tested and broke the previous high on the lower degree!
Buy the break, manage your risk and follow your trading rules/plan no matter what.
Another Double Top!
Extension down to the lower trend line and then recovery just above where the head of a inverted H&S pattern would complete if we assume that the right shoulder is forming
Short term daily bearish
$BK has a great setup to go long here, and relative strength vs the index today, which gives it a bit of extra confidence.
The trade would fail below $49.94, has until Feb 21st to trend higher, until hitting $53.06 at least...
Best of luck!
Cheers,
Ivan Labrie.
The PEAD projected a Bullish outlook for $BK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 25%.
The PEAD projected a Bullish outlook for $BK after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
The PEAD projected a Bullish outlook for $BK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Bank of New York Mellon is scheduled to announce Q4 earnings results on Tuesday, January 18th, before the market open.
The consensus EPS Estimate is $1.01 (+5.2% Y/Y) and the consensus Revenue Estimate is $3.98B (+1.8% Y/Y).
Over the last 3 months, EPS estimates have seen 8 upward revisions and 3 downward. Revenue estimates have seen 5 upward revisions and 0...
Near ATH with resistance level above. In top of channel with not much room above. RSI overbought. Although all the banks made a killing during the pandemic, i'd stay clear of this one for earnings as the upside seems limited and with some resistance above. If earnings are bad this will likely plummet.
The level of confidence in this trade is moderate. While I like this setup, I am not fully convinced about the target price.
Bullish pennant formed after a 6-month bull run, betting on momentum keeping going.
- Target Entry: $50.32
- Target Stop Loss: $49.34
- Target Exit: $54.22
- Risk / Reward Ratio: 3.98
About me
- Note that I tend to adjust stop losses in...
