Long
Fifth Third Bank
I chose this ticker mainly due to XLF reaching under the 50% stochastic zone (Currently 44%). The previous day was at 61%. This told me that I could possibly find a support on a stock within the sector. It just so happens that the IWM (Russell 2k) dipped down to 28%. During the middle to end of May the highs touched near the resistance price of $43 about three times. The previous high was broken and the current low hasn't broken the strong support "yet". Looks like a W pattern is setting up for a retracement up to 61% of the previous high. This company seems like a damaged company that has valuable growth. That's just my honest opinion.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.