inverse H&S on weekly chart for TCBITCBI looks primed for a strong rebound as financials have a strong year with rising rates.
TCBI is a regional bank trading at a 1.22 P/B ratio. This indicates there is significant value here. Texas is fast becoming the new place to be for booming businesses such as space exploration and crypto.
Inverse Head and shoulders on the weekly along with a golden cross. Waiting for confirmation of this trend, but looks promising.
TCBI trade ideas
Long Term Short Potential 20 plus dollar per share opportunityFundies
All key fundies are highlighting a downturn for this company. Currently priced in the 50s actual value should be around the 15 - 20 range
EPS, PEG, Earnings Yields and Return on Capital rates of change all slowing.
If current Macro outlook continues this a must short as its so overvalued.
Earnings coming up in Jan which i fully anticipate them missing, unless they inject so sort of capital in the short term to boost
Techies
Phase one of down turn completed and currently in Distribution / Re-Accumulation phase getting ready for next leg down.
Trade outlook
Initial break of long term bottom 3 months (could also fall big if current earnings estimate of 1.51 is missed and currently is on track to miss that by some way)
With 15 - 20 range being hit in 6-12 months (if current rate of change continues)
$TCBI - What a fucking candle Haven't been a fan of financials in longer than forever. Now nor even back in December would I have bought any of the financials - esp since most of the setups were just too broken/ugly. Sexy ass candle though, surprised I got to this one right after first candle to see a breakout lmao. Solid upside potential long term after this little triangle breakout though. Could get wild.