Decent earnings, still above 70 RSI, watch for a slight dip on monday but as long as it holds $550 support, I think it should continue to trade in this range and up. 2/19/21, 460/450 put spread @2.70 hoping to swing for a few weeks. Looking for a $1.60 exit.
Notes on Chart. At this entry we missed the bottom by a mile, but the upward momentum is still very strong.
As I right this the RSI(14 days) is at 77 so we are approaching the point of it being overbought.
Guide Image for @Perma_Pig 's Alt_flames Script: imgur.com
Hey people, SVB FINANCIAL GROUP is in a dynamic bearish fake with an upside down hammer candle and a strong buy volume traded. The TIMEFRAME M1 shows a dash with a return of purchase volume made, it will do a test of the stabilization zone. And after testing the high of the bollinger strong possibility of breaking out the price with the momentum in both the area...
Recent pop higher and nice consolidation. Price at resistance about to breakout. Strong bullish breakout would suggest Potential TP1 = $375; TP2 = $425
$SIVB gapping up on earnings. I would consider some positions here or on any retracements of the gap. This company continues to be an awesome niche bank focused on the #innovation economy.
