BANK 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.
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.
註釋
Index price is sideways still below SMA50 no worries patience has its rewards ( in due time)註釋
NYCB a potential reversal trade ?msn.com/en-us/money/markets/new-york-community-bank-says-deposits-are-up-and-liquidity-is-ample-but-stock-drops/ar-BB1hUIUA
註釋
Sideways. no new catalysts bearing good or bad news.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。