BAC - SHORT TERM CORRECTIONShares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market. The performance of the stock was mixed when compared to some of its competitors
In a short term, a correction is expected to the 0.5 Fibo level with a $34 price target. Further correction is possible as well. 2nd support is located at $31.
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Regions Financial (RF) BearishI am not certified or licensed by any individual or institution to give financial or investment advice.
I believe Regions Financial (RF) is continuing a downtrend and is currently testing Resistance. I purchased a couple puts. Solid yellow line indicates price of stock when puts were purchased.
As usual I keep it simple ...major levels markedyes we are in uptrend but to be cautious is not wrong at all. all im gonna say that I will keep my bias neutral for tomorrow. I will patiently wait for any of my horizontal support or resistance to be broken. all we need to do is just follow the price. DO take note traders due to today's holiday the premium will decay fast so be careful on that part.
Best of luck Traders.
Happy expiry.
October 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.81% over the last 24 hours and fell to an intraday low of $19,091.97. The largest cryptocurrency broke below the 20-day exponential moving average ($19,410), suggesting the seller remains active at the higher levels. The RSI is near the midpoint, suggesting a balance between supply and demand. For now, the bulls need to push the price above the 20-day exponential moving average in order to prevent further decline.
Today’s Cryptocurrency Headline
Silvergate Capital Release Q3 Earnings Report
Crypto bank Silvergate Capital released its third-quarter earnings statement Tuesday. The bank reported EPS of $1.28 in its third-quarter earnings presentation, compared with analysts’ consensus estimate of $1.41 via S&P Capital IQ. Silvergate's shares subsequently fell about 20%. Transfers via Silvergate’s real-time settlement network totaled $112.6 billion in the third quarter, which represents a 41% decrease compared with the previous three-month period and a 30% decline from the third quarter of 2021.
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EUR / CHF LONG - Potential trend changeAfter we have been in a downtrend in the EUR/CHF pair for quite some time, I expect a potential trend change.
- the existing rally in the DXY could come to an end in the near future, which would ease the pressure on the EUR.
I provide the idea with the consideration of rules of "SUPPLY&DEMAND" theory, which focuses on market influence of banks.
The market moves when banks open positions:
- in our case it is a LONG position - of banks / large investors.
- by buying, retail investors were forced to liquidate their SHORT positions = "positions were bought" = "buying cascade".
The banks need more than one run-up to fill their position "100%" due to their position size.
- the next run-up could be into the 0.88 FIBO in my opinion, so that the banks get a similar purchase price. (Level combined with DEMAND.)
- the retail investors will not expect a trend reversal and will open more SHORT positions, allowing the banks to get the liquidity they need.
If the SL level (stop loss) I set is broken, we can expect a further sell-off. (Should it not be a fake-out).
- There are on the time levels 1-4h large "DEMAND" zones at entry, which should bring about a reaction.
- The banks are not interested in the price falling below their EC, so they will defend this level.
If you disagree, feel free to let me know - I am still in the learning process.
Thank you and happy trading!
Bank Nifty levels for 14 Oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 14 Oct 2022
SGX NIFTY is indicating a Positive opening
👉 SGX NIFTY is trading at 17252 up by 295 points
👉 US futures are in Green
👉 ASIAN Market is in Green
👉 USDINR at 82.18
In Nifty 17000 PE and 17000 CE have high Open Interest in weekly
In BankNifty 38500 PE and 39000 CE have high Open Interest in weekly
👉 Asia-Pac Stocks Are Higher And Take Impetus From The Gains On Wall St Which Staged An Aggressive Comeback Amid Several Factors Including A Dovish ECB Staff Model View, UK U-Turn Speculation And A Touted Short Squeeze; ASX 200 (+1.5%), Nikkei 225 (+2.3%), KOSPI (+1.5%)
👉 STOCKS TO WATCH:
INFOSYS, ANGEL ONE, POWER MECH, MINDTREE, COAL, HDFC LIFE, CYIENT, ANAND RATHI, DEN NETWORKS, TATA STEEL LONG, RELIANCE, KPI GREEN
👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg
My view today 👇
we can see some profit booking in first 1 hour. Nifty above 17280 levels is good for longs and Bank Nifty 39300 levels above is good for longs
Bank Nifty Levels for 12 oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Pre-Market Report 12 Oct 2022
SGX NIFTY is indicating a Flat opening
👉 SGX NIFTY is trading at 16964.5 up by 0.14%
👉 US futures are in RED
👉 ASIAN Market is in RED
👉 USDINR at 82.31
In Nifty 17000 PE and 17200 CE have high Open Interest in weekly
In Bank Nifty 38500 PE and 39000 CE have high Open Interest in weekly
👉 Asia-Pac Stocks Begin Subdued Following The Choppy Performance And Late Selling Stateside After BoE Governor Bailey Rejected Calls For An Extension To Gilt Purchases Beyond The Friday Deadline; ASX 200 (-0.1%), Nikkei 225 (-0.2%), KOSPI (-0.1%)
👉 STOCKS TO WATCH:
DELTA CORP, KIRLOSKAR ELECTRIC, L&T FINANCE, GENESYS INTL, SPANDANA SPHOORTY, SUZLON, TCS, RELIANCE, DLF, GUJARAT PIPAVAV
👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
My view today 👉 Any gap up will again get correction today, I will look for a selling opportunity.
Trading Idea - #DeutscheBankMy trading idea for Deutsche Bank - Buy / LONG
Target: EUR 12.00 (+40% profit)
The recent valuation of the banking sector in Europe should lead to higher price targets across the industry.
Deutsche Bank should also be among the winners as rising interest rates create favourable business conditions.
From a chart perspective, the price of the Deutsche Bank share has broken the downward trend. The price is currently consolidating above the EUR 8.00 mark with a rising trend.
Tomorrow banknifty levels Today we see Banknifty in range . For us tommorow view was very clear by following today's chart . Buy banknifty only above the level we give to you bcz these level was major resistance in banknifty
Buy banknifty above 40688
Target 40754 40836 40947
Sl 40515...if market open with gap up then buy it according to our level and if it open above our level thn 41040 41243 41383
Sell bank nifty below 40517
Target 40427 40304 40151
Sl 40685