Resumption to Banking Sector. $JPM
Hey TradingView. TiltonKy is bank to bring some new ideas for the quarter.
We are investing numerous positions, and a few we plan to share with trading view this quarter.
Firstly Banks.
"SVB Banking Crisis" has put a point and hold on the banking sector this year. Giving Financials a 2 year devalution on going. This bear market for the sector has gone on for long enough.
The technicals suggest a eclipse of the Downward Trend. And Overall bullish tend that has been intact for years.
We have Banking Quarterly Earnings for Q3 Due to begin reporting at the end of this week.
We are speculating a new resumption in the banking sector to follow up the the rally into end year. If banks can report solid earnings, in this new "higher for longer" rates enviroment. Certainly we can see this new adoption in the rally.
I think the attention has been steered away from Finanicals. We see to believe that the banking has been oversold, overreacted and Undervalued based on its valued to the economy.
Price Targets are set to Fair Valuation.
Technicals-Wedge breakout Pattern. Both stocks.
Expression. 130C or 125C Jan 24. =Time Dated for the entire Quarter. 90days. +
Macro Views.
PNC
- 35% Upside Potential. 160.00+
JPM
- 10% Upside Potential. 160.00+
This Year End Price Targets.
We are investing numerous positions, and a few we plan to share with trading view this quarter.
Firstly Banks.
"SVB Banking Crisis" has put a point and hold on the banking sector this year. Giving Financials a 2 year devalution on going. This bear market for the sector has gone on for long enough.
The technicals suggest a eclipse of the Downward Trend. And Overall bullish tend that has been intact for years.
We have Banking Quarterly Earnings for Q3 Due to begin reporting at the end of this week.
We are speculating a new resumption in the banking sector to follow up the the rally into end year. If banks can report solid earnings, in this new "higher for longer" rates enviroment. Certainly we can see this new adoption in the rally.
I think the attention has been steered away from Finanicals. We see to believe that the banking has been oversold, overreacted and Undervalued based on its valued to the economy.
Price Targets are set to Fair Valuation.
Technicals-Wedge breakout Pattern. Both stocks.
Expression. 130C or 125C Jan 24. =Time Dated for the entire Quarter. 90days. +
Macro Views.
PNC
- 35% Upside Potential. 160.00+
JPM
- 10% Upside Potential. 160.00+
This Year End Price Targets.
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