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$RY out of correction?A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for longer. 3. MACD histogram is positive. That's a stock that I will watch closely. What do you think? Bull or bear here? Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
NYSE:RYLong
by WavesInvesting
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders! The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on IDX:BNGA ."
IDX:BNGALong
by financialfreedomgoals101
When Banks Go Bust (3): Bitcoin ETFs, The Big $$$ way to Hedge📊🚀 Bitcoin ETFs: Bridging Finance and Crypto 🌉💼 🌐📉 The Banking Crisis Echo: Bitcoin's Historical Resilience 🚀💸 News: US bank stocks sink after New York Community Bancorp cuts dividend Link: www.reuters.com In the wake of the NY bank's dividend cut and unexpected loss, the financial sector is feeling the ripples. This development aligns with the narrative in my previous Tradingview posts that show a historical pattern: when traditional banks falter, Bitcoin often surges. My analysis suggests that Bitcoin's decentralized nature may appeal to those seeking stability outside of the conventional banking system. Currently, the advent of Bitcoin ETFs marks a new era where substantial funds are poised to hedge with Bitcoin, potentially mitigating financial risks. 🛡️📈 The Hedging Horizon: Bitcoin's New Role in ETFs While concerns about the broader financial system's risks linger, the allure of Bitcoin as a hedge grows stronger. These newly minted Bitcoin ETFs signify a pivotal moment, intertwining the fate of cryptocurrency with traditional markets. 🤔💡 Reflecting on Impact and Opportunities As we ponder the unfolding narrative, these developments could spell out a new chapter for Bitcoin's adoption and its influence on market dynamics. Caution is prudent, yet the potential for Bitcoin to serve as a hedge in ETF portfolios is an intriguing prospect. One Love, The FXPROFESSOR 💙 When Banks go Bust Part 1 and Part 2: #Bitcoin if Banks go Bust (Ciao Draghi) 📜 HISTORY LESSONS: When Banks Go Bust .....
BITFINEX:BTCUSDLong
by FX_Professor
NASDAQ BANK INDEX ready to reverse ? LONGBANK is tracking bank stocks within the NASDAQ. I cannot find if it is market cap weighted or instead an unweighted composite I wanted to check this out to see if the banking sector might reverse and perhaps have some trade candidates based on relative strength or even rising trading volumes. On the 15 chart, BANK's price is in a descending channel or wedge. It is too early to tell if it is breaking out although it is sandwiched between the SMA10 and SMA20 as so in limbo at least of this time frame. The MACD indicator shows downgoing lines that had crossed one another above the histogram. This appears to be a bearish divergence. The mass index shows no signs of a rise into the threshold and trigger zone as it did on January 31st. Overall, I conclude that the price is still in the channel and not yet an early breakout. I will recheck this at intervals. Once a breakout is confirmed and even retested, I will find some relatively strong bank stocks from which to pick a long trade at a low pivot for a safe high return from the upside shown.
NASDAQ:BANKLong
by AwesomeAvani
1
SBI - 700 TARGET DONEWE ENTERED ON JAN 3RD 2024 Can Enter again at CMP - 630 If falls You need to average at 600 level We have already Entered at 552 level Target - 700,900+ Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:SBINLong
by Jagadheesh_JP
Five Things You Need to Know to Start Your Day: Fed Reaction In the morning update for February 1, 2024, the focus is on the aftermath of the Federal Reserve's recent policy announcement. Fed Chair Jerome Powell acknowledged recent inflation but emphasized the need for more data before making decisions. The market responded with a 1.6% drop in the S&P 500, the most significant since September, although a partial rebound is expected. Real Estate Concerns Concerns over US commercial real estate further complicated the market's reaction, with New York Community Bancorp's decisions causing a record 38% stock drop. Aozora Bank and Deutsche Bank also voiced concerns about US commercial property, impacting global bond markets. Tech Earnings Deluge In the tech sector, three major players—Apple, Amazon, and Meta—are set to report earnings. Google's parent company, Alphabet, and Microsoft experienced negative responses to their recent results. Contrasting Fortunes In European earnings news, Deutsche Bank's shares rose despite real estate concerns, fueled by plans for a share buyback and higher revenue goals. Shell defied oil price slumps with a fourth-quarter profit surpassing estimates, while Adidas and BNP Paribas faced declines due to lower profit guidance and lowered targets, respectively. BOE Decision The Bank of England's policy decision is anticipated, focusing on the timing of its first rate cut. In the US, economic data on initial jobless claims and manufacturing is expected, leading up to tomorrow's highly awaited payroll numbers.
VANTAGE:SP500
by Elite_Forex
ZIONS bank cresting the top of a ascending wedge.Things aren't looking good for the banks, and ZION (Zion's Bank) missed on its recent earnings expectations. It's now nearing the top of an ascending wedge, and as many traders know, this can be a really bad sign for any stock, and could be indicating a coming trend reversal. Watch the levels on the chart with the dashed white trend lines to help predict future moves. If the lower ascending wedge line is broken, and one full candle closes below it, it may be the sign the the shorts have been looking/waiting for to enter a medium term short position. I do not own this stock, nor am I trading any options, or by any other method, this is just simply me taking a look at the charts, and I noticed this pattern. Happy trading, and always use a stop.
NASDAQ:ZION
by MetaShackle
Lucid Motors Liquidity GapIt would appear that LUCID GROUP is facing a sell off based on bad new, dilution of shares, lack of consumer demand. However, based on technical, it would appear to be a very aggressive sell-off it was a sell-off. Not beneficial to not allow for market to recover in regards to liquidity. Based on the aggressive downside moves, the probability of a cat bounce appears very high and I am honestly amazed at the open interest on puts that could look to be burnt. 3$ options expiring this week are trading at $.08 a contract at the moment and if there is any level of volatility to the bull side, the out of the money 3$ strike will flip into the money and dominoing into an extreme level of gamma exposure on the short side. People shorting need to close their position at some point, like also contributing to the large put open interest which could be contracts shorted with shorted equity.
NASDAQ:LCIDLong
by kibakilla33
2
Deutsche Bank Shares: Riding the Bull with a Diamond SparkleTechnical Analysis for Deutsche Bank Shares: 1. Bullish Diamond Fractal Formation: Deutsche Bank shares are currently exhibiting a notable technical pattern known as a Bullish Diamond Fractal. This pattern suggests a potential reversal in the prevailing downtrend, indicating a shift in market sentiment in favor of the bulls. 2. Key Levels and Targets: First Take Profit (TP): The analysis points to a conservative first take profit level at 15,500. This level is identified as a potential resistance where traders might consider taking profits. Second Take Profit (TP): A more optimistic target is set at 23,010. This level represents an extended bullish move and could attract additional buying interest. Stop Loss: To manage risk, a stop-loss order is recommended below the support level, around 9.809. This level acts as a safety net to limit potential losses in case the market moves against the anticipated bullish scenario. 3. Market Sentiment: The analysis suggests an optimistic outlook for Deutsche Bank shares, supported by the Bullish Diamond Fractal pattern. The expectation is that the upcoming Monday will be very bullish for this pair, indicating potential positive market sentiment and increased buying interest. 4. Related News: According to a historic news article from CNN (dated October 25, 2023), Deutsche Bank shares have experienced a surge, leading to an increase in dividends. This positive development aligns with the technical analysis, providing fundamental support for the bullish outlook. The increase in dividends can be interpreted as a sign of confidence in the company's financial health and performance. Positive news like this can attract more investors, contributing to the bullish momentum identified in the technical analysis. Conclusion: The technical analysis, supported by the recent positive news, suggests a bullish stance on Deutsche Bank shares. Traders and investors should carefully monitor key levels, consider the recommended take profit and stop-loss levels, and stay informed about market developments to make well-informed decisions.
XETR:DBKLong
by wikitrades
Ummmm.... Hey as you can see, I don't know diddly about charting but hopefully the fancy bullseye got your attention. This ETF appears to be in distress!! The only reason I'm reviewing is that a friend said it has been a MF recommendation. Sometimes they seem to have good timing but this one and my advice to my friend was, even if you believe in the fundamentals of the ETF, the economy is still in a world of pain and Cnd banks are still under mad pressure. The Div looks nice...maybe after it closes the gap I'll take a look again after that but right now the chart is ugly and I'd stay eagle eyes and not involved.
NEO:HCAL
by Honkytime
HDFC BANK will double till 2027HDFC bank is presently at good levels and the whole market has moved up, but banking sector has not given good returns from the last 3 years. Profit of HDFC bank in 2019 was 22446 crore. The profit didn't decline in 2020 and in 2023 the profit was 46149 crore. The profit doubled but stock price did not This trend will be broken, and the banking sector will give massive returns to cover up the last 3-year performance and will continue with the future growth. HDFC bank will not see 1600 levels in the future under normal circumstances. Can also consider investing in Bankbees. Hope you learned something new. Happy learning, Happy investing.
NSE:HDFCBANKLong
by ronak16125
USDJPY - Follow The Bulls ⤴️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 FX:USDJPY has exhibited an overall bullish trend , trading inside the rising channel in red. At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a previous major high marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDJPY approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3