LONG BAC
Aggiornato
Long 
BAC here. Testing bottom of symmetrical triangle as well as 50 dma. All of the triangles being formed so far in this market have broken bullish, looking for same reaction here in this name as well as the financial sector as my overall market bias is bullish and this is a quality name that could run. RSI has been contained between 40-70, which also leads me to lean more bullish. Previous 2 FOMC meetings have also garnered bullish reactions, if it doesn't however, your stop will be able to be hit as we wont get a gap down intra-day (no overnight risk). This is a nice R/R setup with clearly defined risk as well as a confluence of supports and a potential bullish catalyst.
Stop @ just under 24.90
Target price: Local High (26.76), a convincing break of the triangle & the 200 dma would have me looking at 27.75 as well as 29.01 if this name really heats up.
BAC here. Testing bottom of symmetrical triangle as well as 50 dma. All of the triangles being formed so far in this market have broken bullish, looking for same reaction here in this name as well as the financial sector as my overall market bias is bullish and this is a quality name that could run. RSI has been contained between 40-70, which also leads me to lean more bullish. Previous 2 FOMC meetings have also garnered bullish reactions, if it doesn't however, your stop will be able to be hit as we wont get a gap down intra-day (no overnight risk). This is a nice R/R setup with clearly defined risk as well as a confluence of supports and a potential bullish catalyst. Stop @ just under 24.90
Target price: Local High (26.76), a convincing break of the triangle & the 200 dma would have me looking at 27.75 as well as 29.01 if this name really heats up.
Trade attivo
While we got a nice 1% bounce of the lows intraday, we sold off pretty hard into close. However, the bulls defended the low of the day well enough for the close to be a potential higher low on the 1H, (whereas 
XLF fell to a lower low but had more space to find support) but will need follow through tomorrow. This coiling move we're watching in the financial sector could be the main catalyst for the move in the broader markets post-FOMC. Trade safe, don't disobey your stops and make some money friends, GLTA.Trade chiuso: stop raggiunto
Stop got blown out through the gap down.. fkn bankers ...Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.