KEY trade ideas
KeyCorp - Profit PotentialThe interesting situation I see at this chart, there are always two scenarios of the possible price movement to the trader.
1) This uptrend will continue to rise.
2) This uptrend can have the correction before the price will hit the new highs at the end of the year.
The monthly TF looks very positive, merely because the price doesn't fall below 7EMA line since last pump at September 2016. the RSI > 50, a positive sign to buy and hold this asset, but the MACD indicator is trying to fall down and cross the signal line, but we don't make a decision with only one indicators. Also the bad thing is a possible resistance level, maybe it hasn't the power but in the theory it can stopped the uptrend on some time.
3 Months TF also has a positive sign to buy, the MACD is very bullish, the RSI >50. But the new 3 Month session starts at 1st October and we need to be ready for the price correction at October, November and December.
A lot of investors buy shares to make a divi portfolio, and this stock is one of them, the dividend yield is 3.19% and other data as earnings and revenue rose at 2Q 2018. There is no doubt that Key could be a good investments for a long-term.
I continue to follow the trend and update with TA every month.
ENTER: $19, 20, 21
CLOSE: $26
Likes/Comments. Yes, please :)
KEY short at resistancetrailing stop was hit at 20,72
Before the trade
price will bouce between support and resistance
because price is at support level
After the trade
that I probably too soon set a trailing stop to protect my trade.
that you should let more room for the stock to move, but in the other hand it was nice to set such a target, but you should stick to the plan longer.
KeyCorp - downtrendToday KeyCorp was one of the bottom performers in the S&P 500. From the chart & technical analysis; a double was top formed and downtrend seems to keep pushing further down. For the past week or so price was in a range and Volume increased for today's down trend.
***This is not an investment advise***
KEYCORP SHORT (UPDATE)So guys I'm not back tracking on my bias however I'm starting to think that my short bias on this stock is perhaps longer term. This stock simply doesn't have as much volume as a large cap company to support this sharp move down to our expected levels or perhaps breaking our lower bound. Of course adverse news about the company could help fuel this move however I'm not going to be banking on this. I say whilst we're still in the profit we pull back on our original bias and just go long on this soon, the big short on this stock is coming just not now. I don't believe our bias is short term at all.
Currently there's a chance to go long on this, potentially wiping out our current resistance. This could be a very lucrative trade however one thing to consider is the fact that our bias doesn't guarantee a profitable trade on this stock. It's ultimately the market's perception of this stock which will shape it's future.
HOWEVER.
Let's sit back and see what happens, expect more updates on this guys!
Bank vs. Cryptocurrency #22 (KEY)From Left to Right 2008 highs
Major resistance line around 19.60 or 20.00
(Red Arrows) Resistance becomes Support
Dear Reader
Do not conceptualize this idea.
For that you need to train your eyes for many years, make mistakes for many years.
and thus eliminate thoughts from your mind.
Mushin
en.wikipedia.org(mental_state)
KEYCORP SHORT!I'm anticipating a break of this Ascending Wedge in the near future, to the downside target of 16.00 & 13.00.
We could see some fluctuations whilst prices are breaking our key level at 20.00.
HOWEVER.
A break of this level will add further confirmation that my targets are both realistic and probable.
Volume: 8.008M
EPS: 1.28
Market Cap: 22.656B
P/E: 17.00
Div Yield: 1.97%
TP: 16.00 & 13.00
$KEY...well shit...-ER today. ER was good if you ask me...but has faced a large sell off....
-My trade plan was to sell once it broke the price action trend line and or the RSI trend line.... Well both happened today... very aggressive thou when it happened however. Was hard to just say "sell" because they were breaking down so hard.
-I did not specify whether to sell intraday on the break or at close. This was a pit fall in my trading plan. ----> on that subject: had I chose to sell intraday I would have been out of this one a few days earlier, because they crossed that RSI line intraday; however they rallied before day close and thus they did not record a break in that RSI line that day. Just food for thought. BAC had a similiar case on the same day they bounced off their RSI Line.