It's a personal opinion of mine that psychological levels, whole number resistance and support, should have this much control over price action. Psychological levels have the most effect when there's extremes of emotions. I feel it's rather self-explanatory. It's either going towards zero or it's getting bought to prevent it from hitting the pavement. The...
FRC First Republic Bank received uninsured deposits of $30 billion on Mar 16, 2023, from 11 banks of the country: Bank of America Corporation BAC, Citigroup Inc. C, JPMorgan Chase & Co. JPM, PNC Bank, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street, Truist, and U.S. Bank. I know it`s a risky trade, but i believe this recue...
FRC has received $30B rescue package from other banks. Think this is a great buying op.
I honestly don’t think the gov will allow another bank shut down . They will do everything to keep and re assure that the money is safe. Otherwise it’s Gona go like a domino effect they had to contain this before more banks falls. Buying some pre market which I can afford to lose if bank shuts down
The price spring should it break and hold should be fairly large and fast. It currently broke a major trend to the downside and hit an exit. It also has fairly smooth sailing should it break to the upside tomorrow. Exit trade should the blue trend break or should the stock price reject off the red trend. Buy the dips on the trend until it breaks, and then sell on...
As you see on the chart we have a sell idea because we have the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks!
sell target zone 65-78, I expect a fairly quick rise to this troublesome area.
Saturday night i decided to take a look at all major bank charts. I called 3 potential 'dangerous ones' and ended up guessing 2 of them right. One of them was First Republic. (you can ask me for proof if you are interested to confirm this). “First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory...
seems like this is the next bank to crash because of the sharp interest rates hike
The reason for placing this order to buy FRC should be obvious. If you have any questions don't hesitate to use the comment funcation here. Good trades, folks!
The PEAD projected a Bearish outlook for $FRC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The PEAD projected a Bullish outlook for $FRC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
Trying to show the 3D aspect of charting Hope you enjoy this creative post
The PEAD projected a Bearish outlook for $FRC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
First Republic Bank (FRC) Report on 12/04/2022 - bank BUY - 156-158 TP - 192 SL - 143 This is the case when I had to spend a lot of time finding the reason of price decrease of 25% since the last quarterly report. So, to my mind, the main reasons were following: ⛔️Change in management. Previous CEO left the company due to health reasons followed by the leave...
* Excellent earnings * Strong up trend * High 3-month relative strength in the Financial sector * Breaking out of a base on base pattern with higher than average volume * Was consolidating for ~3 months prior to building another base Trad Idea: * Now's a great time to enter as the price is close to the broken level and volume is picking up as well. * If you're...
FRC Head & Shoulders completely formed and the initial breakout already occurred exactly at the neckline, this is an indication that the bullish trend should resume
Hello traders, FIRST REPUBLIC SAN FRANCISCO is in a bullish momentum with a sort of marubozu followed by a bearish leg and an explosion in issued purchase volume. Looking at the TIMEFRAME we see a marubozu with a high volume of past sales, it is heading towards its lowest. FRC will do a trend reversal to test the base of the bollinger and check the top of the...