I am seeing a better inflection point in the banks, who I think have some proposed upside with the recent trends in the Federal System. The equity has been beaten down pretty hard YTD and the ATR is signaling a downtrend into a consolidation phase. I believe that we could see another 16% of downside given the macro tailwinds shaking up the market right now....
Financial sector been on a run for the last few months. Moelis & Company is one that is setting up an ascending triangle breakout trade. Moelis & Company Cl A (MC)- HOLDING COMPANY PROVIDING STRATEGIC AND FINANCIAL ADVICE IN THE AMERICANS, EUROPE, MIDDLE EAST, ASIA AND
I really like the strength this is showing holding the 20 EMA Setting up alerts for how quickly it grows or falls
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MC is showing a shallow inverse head and shoulders base, followed by a breakout and subsequent retest of historical resistance now turned support at $36. Time to get long?
Didn't buy it, but move started w/ "NO FT" setup