Regions Financial (RF) recently broke out of the top side of a triangle and appears to be working its way through all the sellers in the $14.50-$14.60 resistance range today. From there, the coast is fairly clear up to about $15.50. Analyst ratings are mostly bullish on the stock.
Note
RF not only failed to breach resistance, but also just broke below its upward trend line, which is a worrying sign of weakness.Note
Back on course to $15.50!Note
So far so good, but RF is entering the high-volume zone from back in April-May and meeting some resistance. I took a little profit here and will take a little more at 15.23.Note
RF tested support after rate cut decision. So far holding above support level.
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.
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.