ZION pullback to $55MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or above top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM spiked positive
Price at 4.618 Fibonacci level
In at $61.50
Target is $55 or channel bottom
Stop loss is $63
ZION trade ideas
ZION Zions Bancorporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ZION Zions Bancorporation prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $0.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ZION, 2024-06-27, LONGContext:
Weekly - Support zone @ 40.65/38.74
Daily - Trend line break; Retracement back to Window
1h - BOS; Body block as entry/stop range
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Main Target - Pivot high @ 46.15
Breakeven stop @ 42.92
2/3s out @ 44.29 (Fin ext. 1.0, when 0.618 is near pivot, bump to 1.0)
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Expected RR (at full) 7.3
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.
ZIONS Stock Chart Fibonacci Analysis 110823 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 32/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
ZION DCA - Inv H&S Company: Zions Bancorporation N.A.
Ticker: ZION
Exchange: NASDAQ
Sector: Finance
Introduction:
In today's analysis, we turn our attention to Zions Bancorporation N.A. (ZION) listed on the NASDAQ, a noteworthy constituent of the finance sector. Examining the daily chart reveals a potential bullish reversal in the form of an Inverted Head and Shoulders pattern that has been developing over the past 126 days.
Inverted Head and Shoulders Pattern:
An Inverted Head and Shoulders pattern typically marks a potential trend reversal, signaling a shift from a downtrend to an uptrend. The pattern consists of three troughs, with the middle trough (the head) being the deepest and the two outside troughs (the shoulders) being shallower and roughly equal to each other.
Analysis:
ZION's previous trend was downward, illustrated by the blue diagonal dashed line. However, this downtrend appears to be interrupted by an Inverted Head and Shoulders pattern, suggesting a potential reversal to the upside. The symmetry between the shoulders is compelling, and the head is typical of such a pattern. The pattern's horizontal neckline is situated at 32.79.
At present, the price is below the 200 EMA, warranting caution when considering entering positions. A potential long position should only be considered if the price closes convincingly above the horizontal neckline. In the case of a successful breakout, the price target would be at 47.38, which corresponds to an approximate increase of 44.42%.
Conclusion:
Zions Bancorporation's daily chart presents a possible bullish reversal setup. This setup, if confirmed by a breakout above the neckline, could provide a favorable long trading opportunity.
Remember, this analysis should be used as a component of your overall market research and risk management strategy, not as direct trading advice.
If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading!
Best regards,
Karim Subhieh
Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
Watchlist 2023-05-04 $SPY $UPWK $PACW $FHN $ZION $SHOP AMEX:SPY - As expected, the FED raised rates another 25 bps. Yesterday's session was probably the least volatile of all FED or CPI days in the last year. Key levels this morning is 408, if we cannot get past this early on, expect lower lows, potentially a test of 403.7 the weakly pivot. If we can get above 408. and then it turns to support, expect higher highs
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:UPWK - the freelancing platform, cuts yearly guidance due to the economy despite an earnings beat in the current Q. 4.1 RVOL in PM, but moved 3 ATRS this morning AND moved 1.6 ATRs PD on elevated RVOL. This name is looking particularly weak but for me there is too much room from the close and it's moved too much since PD to take a short off the open. Need to see the levels develop first for a good RR trade. The 5.30 pandemic low support is a juicy area that I think needs to get hit for liquidity. Look for signs of failure on open. Topping wicks, reversal bars, sequential green and strong red bars.
Banks
Region banks getting absolutely crushed on news that:
NASDAQ:PACW - the bank is considering a potential sale as concerns about solvency are tied to mark-to-market losses combined with deposit flights . Down 40% or 2 ATRs in the PM on 1.5 RVOL. This RVOL value doesn't strike me as something that can continues directly down forever so waiting for some type of bounce to get short as long as the short characteristics align. (hasn't made a higher high, H&S bottom. Still below VWAP, price action looks weak).
NYSE:FHN - Toronto-Dominion Bank, First Horizon Terminate Merger Agreement. Same story for FHN.
NASDAQ:ZION - putting this on radar as it still has potential to get to 2 RVOL and can trade on sympathy to the other banks will a better RR setup as it just broke 2020 pivot low of 21.78 AND PD low of 20.46 - ifs can stay under this level a short is in the cards.
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NYSE:SHOP - Shopify Cuts 20% of Workforce, Sells Logistics Arm to Flexport. If shop can hold above 54.50 and pick up some RVOL, a long is possible, however, being up 4.4 ATRs this is likely going to be a profit taking situation at least off the open. if the market stays strong and shop finds a base, a long is possible over the intraday inflection.
ZION Zions Bancorporation Options Ahead of EarningsAnalyzing the options chain of ZION Zions Bancorporation prior to the earnings report this week, I would consider purchasing
Puts with a HKEX:25 strike price and an expiration date of 2024-1-19, for a premium of approximately $4.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
ZION Mega Macro OutlookRegional banks have lost close to 50% of their market cap in the last 2 months. Zion's Savings Bank and Trust Company was incorporated in 1873 under the laws of the Utah Territory by the direction of Brigham Young, becoming Utah's first chartered savings bank and trust company.
ZOMG! ZION Outlook Macro Graph
w00f!
BUY to ZIONS BANCORPORATION DailyHey guys, ZIONS BANCORPORATION is in a very important moment in its history we can witness a new historical high. It is in an uptrend with a large past volume and an upside down hammer shape. By looking at the TIMEFRAME M1 we notice a dash with a low purchase volume issued, it goes on the top of the range to go and test it. It is quite plausible to breakout the price of both the area and make a new higher story. Then enter the top of the zone to test it and get to the top of the bullish channel.
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$ZION can fall todayLow volatility stock intraday trading strategy signal.
$ZION chart shows appropriate parameters to open position. Also, the true range is low enough today, so the price has good potential to fall.
I suppose, the price will be falling until market close, so short sell can be from $38,3;
stop-loss — $39,03;
take-profit — $36,11 or market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Zion - Regional Banks are Shining and this Is a Perfect SetupA perfect wedge setup going into earnings is upon us for $ZION regional bank! First brought to my attention by @pardis ... he posted when the stock broke out of a long term down trend. Here I will look at the $49 level prior to earnings in the coming days. My year end price target is 15% above the current price as shown on the chart.
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