Recovery in financial stocks
Price completed a reversal at the lowest price of the year (at 11.777 per share this year), with the low being established for year the debts collected from the past year with high interest rates could future push prices higher and the stability in the economy after the noise surrounding the country and it political uncertainty. With a Elliot Wave completion at the low of the year , a retest at the lower high could signal new trend and continuation into the upside after the earnings release next quarter in September, but if the estimated earnings does not beat expectation this could also result in the price continuing to trend downwards.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.