double bull div about to be confirmedi like the confluence of the TD daily and the bull div seems like a buying opportunity
SI trade ideas
A stock to keep your eye onNYSE:SI
Q1 Earnings = $60m / Q2 Earnings = $80m with Profit Margins of 47%.
With a great financial performance (shown above) this stock jumped 50% in a matter of days.
It is currently retracing as people make a quick profit from the 50% spike.
The stock should be a great LONG option over the next month or so.
ClosedTrades1 - SI I thought it would be interesting for others to see what I trade.
I will be showing my trades from time to time and accompanying with a little description.
This trade was made on a report, I liked the inverted head and shoulders pattern.
Some of it I have already sold, some of it is still in the trade.
BULLISH DIVERGENCEInteresting bullish divergence on daily tf, that just confirmed the bullish breakout of resistance on higher volume, suggesting a potential 3 R/R .
$SI tight price action on this intraday chart.Swing trade Very nice intraday action. Building up energy. Can take a swing trade here. NYSE:SI
SI - Crypto Short in the Equity MarketsSilvergate Capital formed a Head & Shoulders topping pattern and is currently trading near critical support. We have a long way down if this breaks - plan to initiate my short position below $56.15 and scale into a full short if I see a retest and breakdown at the same level. Alternatively, if we see a countertrend rally into the 21 EMA or 50/200 SMA followed by stalling action, that is another way for me to start a short position.
SI - Ascending TriangleEventually upside break is likely for such a pattern. Rising Relative Strength is looking promising for a breakout soon. Let's see.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
$SI outperforming since Jan '22 - breakout comingSince end of Jan '22, $SI has made higher highs against $SPX lower lows, and has found support at the relative strength uptrend against $BTC.
$SI narrowly reclaimed its 200 SMA after a double bottom at the major $100 level earlier this week.
Buyers have kept the stock sideways/up in a pretty violent market,
I think momentum is to the upside and any moment of broader market strength will likely send $SI straight to $150.
*I am long 4.14.22 150c*
Watching for Increasing Relative Strength, Volatility TighteningIBD 89 Composite
Group ranked 24/197
40% EPS YOY increase
Watching for continued strength. Needs to build a pattern and pivot still.
SI perfect golden zone tracement.Lots of amazing looking growth setups out there, I know how bearish everything seems currently, but the charts dont care. The setup is there and we will see how it plays out.
DOOMIN RNClear 5 waves up and now we're correcting, Don't be fooled by any bounces up it's going to be a B wave (Bull trap), Look for some buys around $80-100.
Buy SI 13/1/2022You can buy SI target 189.3 stop loss 109.3
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
$SI - one word. IMPRESSIVEHolding that breakout support like a champ.
Wide range bars in that box but if it continues to hold like this and tighten up a bit, this could have potential.
SI breakout watchLiking the look of SI here. Post earning positive reactions at ATH. A hold above the box and breakout is what I'm looking for. Trade dead if price falls back below the box. Targets = ATH and then fib extensions.
Crypto Infrastructure: Silvergate Capital, Now +74%. ReduceBusiness Description: Provider of financial infrastructure solutions and services to participants in the digital currency industry.
Long call 06 August at $109.36. Tweet/timestamp inserted.
Strong day yesterday, up 21%.
Current call: Reduce
Silvergate (SI) bullishSI is working wave (3) and just reached ATH
Wave 4 and 5 of (3) is still missing
Significant potential ahead it seems
An option is to await finalization of 4 or (4) before entering
Next Stop for SIThe stock currently is at 0.786 fibonacci level. If it breaks the current levels, the next stop in couple of weeks is going to be at $187
10/9/21 SISilvergate Capital Corporation (SI)
Sector: Finance (Regional Banks)
Current Price: $162.64
Breakout price trigger: $164.75
Buy Zone (Top/Bottom Range): $152.00-$121.50
Price Target: $187.60-$189.80 (1st), $252.00-$255.40 (2nd)
Estimated Duration to Target: 57-66d (1st), 260-278d (2nd)
Contract of Interest: $SI 1/21/22 200c, $SI 5/20/22 200c
Trade price as of publish date: $15.00/cnt , $24.30/cnt
SI - SilvergateThis was a requested chart. Everything you need to know is on the chart, thus I will not explain anything else here, but TV is making me type some shit out so this is just me typing some shit out so I can publish the idea. You're welcome.
SILVERGATE - The Bank of the Cryptocurrency Space ⭐Always excited to find new gems in the making and SILVERGATE Capital is exactly in this category.
Silvergate Bank is the leading provider of innovative financial infrastructure solutions and services to participants in the nascent and expanding digital currency industry. We leverage our technology platform and our management team's expertise to develop solutions for many of the largest U.S. digital currency exchanges and investors around the globe. Their solutions are built on a deep-rooted commitment and proprietary approach to regulatory compliance.
Headquartered in San Diego as a California state-chartered bank, Silvergate Bank has been profitable for each of the past 21 years. They began pursuing digital currency customers in 2013 and have been deliberate in their approach to serving this community since then. Today, they have 700+ digital currency and fintech customers that are using their platform daily to grow and scale their businesses.
⭐ Read here How Silvergate Capital Will Make Money on Stablecoins and Through Its Partnership With Facebook
⭐How Silvergate Capital Can Perform Well Even When the Price of Bitcoin Doesn't
⭐Finally, a great success story in the fact that Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2
I like!
the FXPROFESSOR
