PNC Financial Services Group, Inc.

On the above weekly chart price action has corrected 50%. A number of reasons now exist to be long, including:

1) RSI resistance breakout.

2) Regular bullish divergence. Measured over 2-months.

3) A Double bottom prints.

3) Price action prints on the 100-week RMA with the divergence. Look left.

Is it possible price action corrects further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: 6%
Timeframe for long: A week or two.
Return: 50% minimum
Stopless: 94

Trade attivo:

Past resistance confirms support.
Up around 10% so far, 40% to go. Although a move to 250 seems probable.

Commento:

25% so far, 25% to go.

Commento:

30%. Expect resistance around $50

Commento:

Correction, expect resistance around 150 not 50. Although consider sellers are exhausted, resistance could be weak.

Commento:

Long again from 130.

Got a near identical trade, will share...

Trade attivo