Hey guys, KEYCORP is in a bullish movement with a water-carrying candle shape followed by a bullish leg and strong buy volume executed. Looking at the TIMEFRAME M1 we notice a large hammer candle with a large volume of purchase issued. It goes to the top of the bollinger to test it to reach the top of the comfort zone and check it. There is a good chance of...
KeyCorp the US bank, has a clear Elliot wave pattern in place. Looks like wave 5 is about to set foot. Buy at market. First target 17.40$ which is 100% of Wave 1 (since wave 3 is extended), second target is at 18.50$. A close below 15.25$ will invalidate the scenario. Remember not to risk more than 2% of your capital.
#KEY Nice double rounded bottom pattern in the daily chart and a symmetrical triangle breakout in the weekly chart. The inner rounded bottom pattern made a higher high and on the verge of a breakout from the neckline(edge).
If it could make higher highs and higher lows it is very like that it will reach the neckline of the broader rounded bottom pattern and...
Potential long entry on a break above $13.50 .
Targets as per Pivot points and resistance levels.
Clearing the 200ma is bullish but may be a backrest.
Caution on early entries.
Is KEY technicals in the money after div? Nice formation for an upside move solely based on the technicals or was the trade over? It's getting a little hairy on the trendline...Neutral but technical entry...
Price has crossed the 50 EMA which is a positive sign for upward trend. The 10 EMA is also very close to crossing the 50 ema. The other indicators also show upward trend is in play. Enjoy.
KEY looking like a buy with support at the 60% fib range with momentum at the upside. Reverse head and shoulders may help propel it to $13.96 mark.....meaning a possible bullish Wolfe wave with policy implementation allowing the velocity of money to exchange through small/regional banking in the US.
With Dodd-Frank and reforms for the small and regional banks, could we see a movement to consolidate these banks during COVID? No one knows for sure, but the technicals look like it is a good trade on the technicals and did not head-and-shoulder, which is a good sign. The PPE policy has kept the banking sector liquid, and as we see, the economy open into the next...
KEY has reached the support trendline of the channel for the fourth time. I expect it to rebound and go upward. The risk to reward is about 3.5, which is not super good, but I feel confident about this trade. If it does follow the channel well, my stop-loss will move higher and higher and risk will decrease. Otherwise, my stop-loss is at $9.90. It's intentionally...
Upward channel bounce off of .38 Fib retracement from major Covid downtrend. Most recent support moved from below 30 RSI for upward continuation. Look for higher high on third uptrend. If the rally fails and breaks through the neckline, this would create a clean H&S pattern.
$KEY has a great chart here, trending in the 2-Month timeframe, similarly to $BAC and $SPX , I think it may be a great hold from here onwards.
It's at a good dip, near long term support, hard to beat the reward to risk ratio here.
Cheers.
Ivan Labrie.
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
