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Deutsche Bank LongNYSE:DB Entry - $7.60 Target 1 - $8.30 Target 2 - $9.65 Target 3 - $12 Stop loss - $6.79 DB is at an important Fib level as well as showing Bullish Divergence. Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very powerful. I plan on taking a 100 share position and selling calls against it on the way up as we hit important fib levels/moving averages. Trade at your own risk and remember, this is not financial advice and I am not a financial advisor. Do your own research and due diligence.
NYSE:DBLong
by BrownBearTrades
4
LET THE MARKET SHOW YOU WHERE TO GONotice the 5 touches of previous resistance marked by the blue arrows. This "strong level" entices people to sell and place their stops just above the level. See how price begins to fall from this level marked at the red arrow? This also draws more sellers into the market; people don't want to miss out; then BOOM! Price breaks the level and wipes out everyone who shorted earlier. The banks know people place stops here. It is great liquidity for them to take then drive price further down. Think of it like this, if you could enter above the level with a sell order you are already getting a better entry price. Currently CHF and JPY are strong as they are safe haven currencies, so it is a good time to short commodity currencies against them. I'm in this trade. Results to follow.
by joebrownFX
SEB (SEB_A) | Money-Laundering Concerns! Keep an eye on ~60!Hi, Shares of SEB' AB (Skandinaviska Enskilda Banken AB provides corporate, retail, investment, and private banking services in Sweden and internationally) fell by more than 14% (on Friday) as investors worried that another Nordic bank will be dragged into the scandal over money-laundering. It is hard to say, how the following weeks/months may affect the SEB price (investigations are ongoing) but anyway, I would like to point out a technically strong price level which should play an important role in further price action. Currently, I can only recommend - stay away from it. The price can get more hits during the investigations, especially when these stories get firmer confirmations. To talk about that price level - my eyes are pointed around 60. It needs to fall another ~25% to the mentioned level and definitely, it is doable. I don't want bad but as an investor and trader, I'm looking forward to this level because technically, it is a pretty strong and clean one. Two other major Scandinavian banks, Swedbank and Danske, had already been subject to major investigations in large-scale money laundering activities and I would like to share a comparison with Swedbank, who has already gone through it (almost): As you see, the historical similarities have been pretty amazing. Now, we can take this Swedbank price movement as an example (Swedbank price is the orange line) and it is pointed also to my mentioned "keep-an-eye" level 60. Let's count the other criteria which should act as support levels: 1) Okay, the comparison with Swedbank is pointed to the marked area. 2) 2000/01, 2011 clean resistance levels start to work as a support level. 3) The middle number 60 itself should work as a tiny support level. 4) Channel projection bottom trendline may push the price upwards from the green area. 5) Different Fibonacci Extensions are adding strength to the shown area. 6) Fibonacci retracement 50%. Pulled from 2009 low to 2015 high. 7) AB=CD 8) If the price reaches to the shown area, then it has fallen from the 2015 high at 111.50 to the ~55, which is 50% from the recent high and pretty often stocks make a bounce after they have fallen approximately 50%. So, it matching perfectly with our mentioned area. 9) Obviously, perfect would be a bullish Weekly or Monthly candlestick pattern formation around the green area! Summary: As said, stories around the SEB' stock are serious which makes this stock extremely risky to invest/trade at the current price levels. Be patient, wait for conclusions and if the conclusions are enough for you to be satisfied (after the price has reached ~60) then this could be a perfect spot and timing to invest or reinvest to SEB'. What if it doesn't reach to the mentioned area? Nothing(!), the situation around Nordic banks is highly risky and I search only high-probability investment setups, not the mediocre ones. Mediocre setups can easily damage my success rate, especially under such conditions. If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
OMXSTO:SEB_A
by VaidoVeek
MCO - Crypto.com - The New BankBITTREX:MCOUSD is a STRONG BUY Analysis Method: Fibonacci + Wave w/ dash of Fundamentals... Monaco is an example of what I call Banking 2.0. ***Free $50: Use my referral link platinum.crypto.com to sign up for Crypto.com and we both get $50 USD :) Crypto.com has an advanced app that works flawlessly... Features: 1. Wallet - Buy & Sell Crypto 2. Fiat Wallet 3. Card (Visa) - MCO Visa Card 4. Payment - Spend Crypto Anywhere 5. Rewards - Spending Rewards and referral bonus 6. Earn - Earn Interest on your Crypto Assets 7. Track - Track Crypto Prices 8. Crypto.com Chain (CRO) CRO (Crypto.com Chain) Whitepaper: crypto.com Wave 1: +455% Wave 3 is beginning now... Monthly Chart: Weekly Chart: Daily Chart: *Always see related ideas and click the 'play' button to see how price-action follows Fibonacci sequences Immediate Target: $14 Time-frame: 72 days See related idea for further analysis. Will update. -AB
MLong
by FibMarketWatch
Elliott Wave View: BAC Starts the Next Leg HigherBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i)) ended at 28.62, wave ((ii)) ended at 27.46, and wave ((iii)) ended at 30.72. Expect the stock to pullback in wave ((iv)) and turns higher 1 more time in wave ((v)). The 5 waves move higher should end wave 1 of (3). The stock should then pullback in wave 2 to correct cycle from October 3 low (27.19) before the rally resumes again. We don’t like selling the proposed pullback as it’s against the direction of right side tag. As far as pivot at 27.19 low stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside. Potential target to the upside is 100% Fibonacci extension from August 15, 2019 low towards $31.2 – $32.2.
NYSE:BACLong
by Elliottwave-Forecast
XNGUSD Long BiasHello everyone. This is natural gas analysis. As we have given demand analysis in our previous post some time ago. Though price just validated the previous higher time frame monthly demand zone but there are some chances to retrace back because as we know market always makes fresh zones on lower time frames after confirming higher time frame’s zones. So here is the small gap we can earn from. There is a chance to retrace back after touching 2.4700 area so we can set out TP on the said area. But after a small retrace market would give us another bullish move so lets see. Happy Trading
NYMEX:NG1!Long
by saqibrajaforexgroup
Bank Of America (BAC) Calm Before The StormBank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has been failing. There is still much to go for the rise before this stock can become stable again. It will need to take a wild spike along with some sort of unimaginable great news to spike prices back up that high to over $54.00/share. With that being said, I will stick to my technical's and as of now it is bearish. The chart along with my own technical analysis should explain the rest to the crowd. Just be patient and avoid greed in these times of uncertainty. I am prepared to go long if price signals me to do so, but my overall bias is short.
NYSE:BAC
by bajapips